The combination breaks through the descending trendline upwards
The bullish trend up to the next resistance line at 0.541900000 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 0.535300000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 0.545 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.541900000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.545900000 |
2nd High | 0.545000000 |
Next High | 0.541900000 |
Current Price | 0.540800000 |
Next Low | 0.535300000 |
2nd Low | 0.533800000 |
3rd Low | 0.524300000 |