The currency pair moves from the bearish trendline down.
A continuation of the bearish trend down to the next support at 0.007700000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.008347000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.0077 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.008347000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.008904000 |
2nd High | 0.008871000 |
Next High | 0.008347000 |
Current Price | 0.007936000 |
Next Low | 0.007700000 |
2nd Low | 0.007451000 |
3rd Low | 0.007025000 |