Moreover a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 9.08 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 9.42 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.68 |
| 2nd High | 9.48 |
| Next High | 9.42 |
| Current Price | 9.230000000 |
| Next Low | 9.05 |
| 2nd Low | 8.74 |
| 3rd Low | 8.62 |
9.42 – 9.34 – 9.26 – 9.05 – 9.18 – 9.12 —
9.250000000 – 9.280000000 —
54.229930112917 – 52.515059642588 —
– —
9.42 – 1771246800