The currency pair jumps from the ascending trendline down.
A descent down to the next support line at 98.08900 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 100.09700 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 99.0595 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 100.09700 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance | Price Range* |
---|---|
3rd High | 101.77100 |
2nd High | 100.71800 |
Next High | 100.09700 |
Current Price | 98.91800 |
Next Low | 98.08900 |
2nd Low | 98.02200 |
3rd Low | 97.98100 |