The pair goes from the ascending trendline downwards
A descending movement down to the next support line at 0.400100000 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.414100000 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.396 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.414100000 should always be considered.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 0.414100000 |
Current Price | 0.403600000 |
Next Low | 0.400100000 |
2nd Low | 0.394800000 |
3rd Low | 0.377900000 |