The currency pair breaks through the descending trendline upwards
An ascent upwards to the next resistance at 139.800000000 will continue.
Caution: A possible trend reversal in the direction of the support line at 131.700000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 142.45 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 139.800000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 163.700000000 |
2nd High | 162.300000000 |
Next High | 139.800000000 |
Current Price | 135.770000000 |
Next Low | 131.700000000 |
2nd Low | 128.200000000 |
3rd Low | 122.600000000 |