The pair moves from the ascending trendline downwards
A descent downwards to the next support line at 155.210000000 will continue.
Caution: A possible trend reversal in the direction of resistance at 161.430000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 154 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 161.430000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 162.300000000 |
2nd High | 162.000000000 |
Next High | 161.430000000 |
Current Price | 157.640000000 |
Next Low | 155.210000000 |
2nd Low | 153.850000000 |
3rd Low | 146.570000000 |