Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘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 considered certain. Target of the current trend is 0.866255 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.86805 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86864 |
| 2nd High | 0.86817 |
| Next High | 0.86805 |
| Current Price | 0.86692 |
| Next Low | 0.86568 |
| 2nd Low | 0.86479 |
| 3rd Low | 0.86434 |
0.86805 – 0.86817 – 0.86597 – 0.86568 – 0.86634 – 0.86479 —
0.86678 – 0.86728 —
48.988489539402 – 55.428716841331 —
– —
0.86805 – 1781854200
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Rising Wedge Chart Pattern – – – – – – – –