Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 87.75216 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 88.09 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 88.92 |
| 2nd High | 88.8 |
| Next High | 88.09 |
| Current Price | 87.250000000 |
| Next Low | 84.72 |
| 2nd Low | 84.36 |
| 3rd Low | 80.26 |
88.09 – 86.88 – 88.8 – 84.72 – 84.36 – 85.01 —
86.160000000 – 87.130000000 —
49.712388188309 – 62.314094755452 —
– —
88.09 – 1773253800