The pair moves from the ascending trendline down.
A bearish trend down to the next support at 0.365300000 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.404200000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 0.378 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 0.404200000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.405900000 |
2nd High | 0.404300000 |
Next High | 0.404200000 |
Current Price | 0.376900000 |
Next Low | 0.365300000 |
2nd Low | 0.342700000 |
3rd Low | 0.327200000 |