The currency pair jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 0.93320 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.93875 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 0.9343877 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.93875 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.94098 |
2nd High | 0.94060 |
Next High | 0.93875 |
Current Price | 0.93537 |
Next Low | 0.93320 |
2nd Low | 0.93064 |
3rd Low |