The currency pair jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 0.005790000 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.006039000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.006392000 |
2nd High | 0.006137000 |
Next High | 0.006039000 |
Current Price | 0.005984000 |
Next Low | 0.005790000 |
2nd Low | 0.005686000 |
3rd Low | 0.005591000 |