Furthermore a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often 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 will continue. Target of the current trend is 9.01 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 9.48 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.34 |
| 2nd High | 9.84 |
| Next High | 9.48 |
| Current Price | 9.390000000 |
| Next Low | 8.42 |
| 2nd Low | 8.18 |
| 3rd Low | 7.55 |
9.48 – 9.84 – 9.45 – 8.42 – 8.18 – 8.66 —
9.200000000 – 9.580000000 —
53.618516975966 – 57.498775836513 —
– —
9.48 – 1772467200