Then a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 507.6 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 524.4 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 532.2 |
| 2nd High | 528 |
| Next High | 524.4 |
| Current Price | 510.700000000 |
| Next Low | 507.6 |
| 2nd Low | 423 |
| 3rd Low |
524.4 – 523.2 – 528 – 507.6 – 508.2 – 511.8 —
519.000000000 – 515.700000000 —
49.758754019507 – 45.72691344346 —
– —
524.4 – 1770845400