The pair jumps from the bearish trendline down.
A continuation of the downward movement down to the next support at 0.005817000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.006540000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 0.005949 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 0.006540000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.007564000 |
2nd High | 0.006693000 |
Next High | 0.006540000 |
Current Price | 0.005854000 |
Next Low | 0.005817000 |
2nd Low | 0.005790000 |
3rd Low | 0.005686000 |