Then a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 542.8 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 536 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 542.8 |
| 2nd High | 540.8 |
| Next High | 536 |
| Current Price | 519.800000000 |
| Next Low | 516.8 |
| 2nd Low | 423 |
| 3rd Low |
536 – 540.8 – 540.5 – 521.8 – 523.2 – 516.8 —
518.100000000 – 518.700000000 —
27.503904100374 – 36.899801712733 —
– —
536 – 1770591600