Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 1.67613 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of support at 1.71465 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.74663 |
| 2nd High | 1.72337 |
| Next High | 1.71465 |
| Current Price | 1.68359 |
| Next Low | 1.67613 |
| 2nd Low | 1.67172 |
| 3rd Low | 1.67079 |
1.71465 – 1.71023 – 1.72337 – 1.67613 – 1.69413 – 1.68932 —
1.68436 – 1.68710 —
37.343086229188 – 46.994644114301 —
– —
1.71465 – 1770019200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Symmetrical Triangle Chart Pattern – – – – – – – –