The pair jumps from the bullish trendline down.
A bearish trend downwards to the next support level at 0.342200000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.368500000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.3596 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.368500000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.404200000 |
2nd High | 0.386000000 |
Next High | 0.368500000 |
Current Price | 0.361100000 |
Next Low | 0.342200000 |
2nd Low | 0.331500000 |
3rd Low | 0.327200000 |