The currency pair jumps from the bullish trendline downwards
A bearish trend down to the next support level at 0.355000000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0.367000000 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.3532718 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.367000000 should always be considered.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.371900000 |
2nd High | 0.367900000 |
Next High | 0.367000000 |
Current Price | 0.357700000 |
Next Low | 0.355000000 |
2nd Low | 0.353100000 |
3rd Low | 0.348200000 |