The currency pair goes from the bullish trendline downwards
A bearish descent downwards to the next support level at 1.38904 is likely expected.
Caution: A possible change in the direction of resistance at could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 1.39448 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at could be enabled.
Consider stop-loss settings accordingly.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | |
Current Price | 1.39516 |
Next Low | 1.38904 |
2nd Low | 1.38762 |
3rd Low | 1.38378 |