Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 4.2315 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 4.194000000 should be noted.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 4.437000000 |
2nd High | 4.260000000 |
Next High | 4.194000000 |
Current Price | 4.049000000 |
Next Low | 3.848000000 |
2nd Low | |
3rd Low |