The combination breaks through the descending trendline up.
An ascent up to the next resistance at 1.30572 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 1.30199 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 1.30478372 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.30572 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.30708 |
2nd High | 1.30665 |
Next High | 1.30572 |
Current Price | 1.30303 |
Next Low | 1.30199 |
2nd Low | 1.29735 |
3rd Low | 1.29398 |