The currency pair jumps from the descending trendline down.
A continuation of the downtrend down to the next support level at 4.051000000 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 4.270000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 4.858000000 |
2nd High | 4.563000000 |
Next High | 4.270000000 |
Current Price | 4.116000000 |
Next Low | 4.051000000 |
2nd Low | 3.973000000 |
3rd Low | 3.929000000 |