The combination moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 0.007093000 will continue.
Caution: A possible counter-trend in the direction of resistance at 0.007589000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.007093 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.007589000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.008347000 |
2nd High | 0.008098000 |
Next High | 0.007589000 |
Current Price | 0.007352000 |
Next Low | 0.007093000 |
2nd Low | 0.007025000 |
3rd Low | 0.007004000 |