The combination jumps from the descending trendline downwards
A continuation of the downward movement down to the next support level at 1.25293 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.25706 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 1.25293 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.25706 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.26340 |
| 2nd High | 1.25938 |
| Next High | 1.25706 |
| Current Price | 1.25328 |
| Next Low | 1.25293 |
| 2nd Low | 1.24713 |
| 3rd Low | 1.24666 |