And also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 2.655074 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 2.978 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 2.978 |
| Current Price | 2.878000000 |
| Next Low | 2.215 |
| 2nd Low | 1.469 |
| 3rd Low | 1.245 |
2.633 – 2.978 – 1.631 – 2.215 – 2.269 – 1.469 —
2.759000000 – 2.977000000 —
58.961312308726 – 68.288672549935 —
– —
2.633 – 1780070400