The pair goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 0.008700000 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.009031000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 0.0091695 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.009031000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.009842000 |
2nd High | 0.009043000 |
Next High | 0.009031000 |
Current Price | 0.008905000 |
Next Low | 0.008700000 |
2nd Low | 0.008584000 |
3rd Low | 0.008497000 |