The pair breaks through the bearish trendline up.
An ascending movement upwards to the next resistance at 1.49354 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 1.48908 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.4949 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.49354 is also possible.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.50072 |
2nd High | 1.49850 |
Next High | 1.49354 |
Current Price | 1.49352 |
Next Low | 1.48908 |
2nd Low | 1.48873 |
3rd Low | 1.48603 |