And also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is certain. Current target is 1.16790922 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 1.17214 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18264 |
| 2nd High | 1.17955 |
| Next High | 1.17214 |
| Current Price | 1.17007 |
| Next Low | 1.165 |
| 2nd Low | 1.16429 |
| 3rd Low | 1.15237 |
1.17214 – 1.17082 – 1.16965 – 1.165 – 1.16429 – 1.15237 —
1.16948 – 1.17213 —
57.285297847707 – 74.298558465897 —
– —
1.17214 – 1775664000
Trading Signals: FOREX – EUR – EUR/USD – USD – – – – – – – – – –