Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 1.39105 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 1.39448 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 1.39448 |
Current Price | 1.39261 |
Next Low | 1.38904 |
2nd Low | 1.38762 |
3rd Low | 1.38378 |