The currency pair goes from the bullish trendline down.
A descent downwards to the next support level at 0.521000000 is considered certain.
Caution: A possible change in the direction of the resistance line at 0.541200000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.5334 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 0.541200000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.545900000 |
2nd High | 0.545000000 |
Next High | 0.541200000 |
Current Price | 0.538800000 |
Next Low | 0.521000000 |
2nd Low | 0.520900000 |
3rd Low | 0.515500000 |