The combination moves from the bullish trendline down.
A descent downwards to the next support line at 1.07540 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 1.07871 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 1.07384812 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 1.07871 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08124 |
| 2nd High | 1.07902 |
| Next High | 1.07871 |
| Current Price | 1.07509 |
| Next Low | 1.07540 |
| 2nd Low | 1.07244 |
| 3rd Low | 1.06741 |