The currency pair jumps from the descending trendline down.
A continuation of the bearish trend down to the next support line at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.039870000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.0375 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 0.039870000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.041500000 |
2nd High | 0.040060000 |
Next High | 0.039870000 |
Current Price | 0.037260000 |
Next Low | |
2nd Low | |
3rd Low |