The currency pair breaks through the descending trendline upwards
An ascent upwards to the next resistance at 0.590600000 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.564600000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.5916 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 0.590600000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.599200000 |
2nd High | 0.591600000 |
Next High | 0.590600000 |
Current Price | 0.589500000 |
Next Low | 0.564600000 |
2nd Low | 0.559800000 |
3rd Low | 0.555600000 |