Then a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.61302798 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.61612 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61711 |
| 2nd High | 1.61662 |
| Next High | 1.61612 |
| Current Price | 1.61396 |
| Next Low | 1.61205 |
| 2nd Low | 1.61119 |
| 3rd Low | 1.60839 |
1.61612 – 1.6155 – 1.61566 – 1.61205 – 1.61373 – 1.61294 —
1.61382 – 1.61450 —
48.823131501232 – 59.725589920946 —
– —
1.61612 – 1771950600
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –