The pair breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance level at 0.593400000 is considered certain.
Caution: A possible change in the direction of the support line at 0.581300000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.5934 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance level at 0.593400000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.600300000 |
2nd High | 0.599200000 |
Next High | 0.593400000 |
Current Price | 0.592100000 |
Next Low | 0.581300000 |
2nd Low | 0.562000000 |
3rd Low | 0.559800000 |