There is also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.87351966 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.87487 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87964 |
| 2nd High | 0.87733 |
| Next High | 0.87487 |
| Current Price | 0.87427 |
| Next Low | 0.87164 |
| 2nd Low | 0.86856 |
| 3rd Low | 0.86824 |
0.87487 – 0.8721 – 0.8717 – 0.87164 – 0.86856 – 0.86864 —
0.87431 – 0.87512 —
55.194987942662 – 60.826883724577 —
– —
0.87487 – 1771347600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – – – – – – – – –