The currency pair breaks through the bearish trendline up.
A bullish trend up to the next resistance at 0.008386000 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 0.005677000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | 0.008498000 |
Next High | 0.008386000 |
Current Price | 0.006842000 |
Next Low | 0.005677000 |
2nd Low | 0.005461000 |
3rd Low | 0.005202000 |