The pair moves from the bullish trendline downwards
A bearish descent downwards to the next support at 95.31700 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 96.24300 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 95.682736 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 96.24300 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 97.04400 |
2nd High | 96.99700 |
Next High | 96.24300 |
Current Price | 96.08800 |
Next Low | 95.31700 |
2nd Low | 93.86900 |
3rd Low | 93.58600 |