The currency pair moves from the bullish trendline downwards
A bearish movement downwards to the next support line at 0.007956000 will continue.
Caution: A possible change in the direction of the resistance line at 0.008871000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.007956 at the Fibonacci level 1-Level. Caution: A possible change in the direction of support at 0.008871000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.009180000 |
2nd High | 0.008904000 |
Next High | 0.008871000 |
Current Price | 0.008163000 |
Next Low | 0.007956000 |
2nd Low | 0.007900000 |
3rd Low | 0.007451000 |