The combination breaks through the descending trendline up.
A bullish movement up to the next resistance level at 1.07902 will persist.
Caution: A possible change in the direction of support at 1.06741 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 1.08124 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 1.07902 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08662 |
| 2nd High | 1.08124 |
| Next High | 1.07902 |
| Current Price | 1.07806 |
| Next Low | 1.06741 |
| 2nd Low | 1.06495 |
| 3rd Low | 1.06380 |