The pair goes from the ascending trendline downwards
The bearish trend downwards to the next support at 27.710000000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 28.460000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 27.64 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 28.460000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 29.750000000 |
2nd High | 29.620000000 |
Next High | 28.460000000 |
Current Price | 27.940000000 |
Next Low | 27.710000000 |
2nd Low | 27.330000000 |
3rd Low | 26.820000000 |