The currency pair moves from the bullish trendline up.
A continuation of the upward movement upwards to the next resistance level at 1.07765 will continue.
Caution: A possible counter-trend in the direction of the support line at 1.07540 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.0791632 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.07765 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08124 |
| 2nd High | 1.07902 |
| Next High | 1.07765 |
| Current Price | 1.07699 |
| Next Low | 1.07540 |
| 2nd Low | 1.07244 |
| 3rd Low | 1.06741 |