Besides a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.2524316 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.2739 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.285 |
| 2nd High | 0.278 |
| Next High | 0.2739 |
| Current Price | 0.258800000 |
| Next Low | 0.2547 |
| 2nd Low | 0.2458 |
| 3rd Low | 0.2205 |
0.2739 – 0.2636 – 0.2629 – 0.261 – 0.2547 – 0.2458 —
0.259500000 – 0.260000000 —
40.282805778003 – 46.875377364132 —
– —
0.2739 – 1773158400