The currency pair goes from the descending trendline down.
A continuation of the bearish trend down to the next support at 0.006229000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.006417000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.006540000 |
2nd High | 0.006484000 |
Next High | 0.006417000 |
Current Price | 0.006181000 |
Next Low | 0.006229000 |
2nd Low | 0.006109000 |
3rd Low | 0.005677000 |