The pair jumps from the ascending trendline downwards
The bearish trend down to the next support level at 0.91580 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.92510 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.923105 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.92510 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.92923 |
2nd High | 0.92791 |
Next High | 0.92510 |
Current Price | 0.91969 |
Next Low | 0.91580 |
2nd Low | 0.91542 |
3rd Low | 0.91044 |