In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 9.66 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 10.26 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 11 |
| 2nd High | 10.84 |
| Next High | 10.26 |
| Current Price | 9.970000000 |
| Next Low | 9.32 |
| 2nd Low | 9.09 |
| 3rd Low | 9.07 |
10.26 – 9.85 – 9.82 – 9.32 – 9.09 – 9.07 —
10.170000000 – 10.030000000 —
54.185685744867 – 50.590238902908 —
– —
10.26 – 1778065200