The currency pair breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at 0.643400000 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 0.607600000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.6259 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.643400000 is also possible.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 0.643400000 |
Current Price | 0.642900000 |
Next Low | 0.607600000 |
2nd Low | 0.584000000 |
3rd Low | 0.573900000 |