Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 6.3015 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 6.64 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.018 |
| 2nd High | 6.804 |
| Next High | 6.64 |
| Current Price | 6.456000000 |
| Next Low | 6.043 |
| 2nd Low | 5.963 |
| 3rd Low | 5.819 |
6.335 – 6.64 – 6.492 – 6.043 – 5.963 – 5.998 —
6.261000000 – 6.523000000 —
55.748040987475 – 69.989223288038 —
– —
6.335 – 1782457200