The pair breaks through the descending trendline upwards
A bullish movement upwards to the next resistance level at 0.519100000 is certain.
Caution: A possible change in the direction of the support zone at 0.505800000 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 certain. Current target is 0.5191 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 0.519100000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.524400000 |
2nd High | 0.523700000 |
Next High | 0.519100000 |
Current Price | 0.515200000 |
Next Low | 0.505800000 |
2nd Low | 0.495700000 |
3rd Low | 0.491700000 |