The currency pair jumps from the ascending trendline down.
A descending movement down to the next support line at 100.25600 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 102.39800 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 100.14611 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 102.39800 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 102.39800 |
Current Price | 100.92100 |
Next Low | 100.25600 |
2nd Low | 100.00500 |
3rd Low | 99.53300 |