The pair moves from the ascending trendline down.
A bearish descent down to the next support at 1.07540 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.07765 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08124 |
| 2nd High | 1.07902 |
| Next High | 1.07765 |
| Current Price | 1.07768 |
| Next Low | 1.07540 |
| 2nd Low | 1.07244 |
| 3rd Low | 1.06741 |