The combination breaks through the descending trendline up.
An ascent upwards to the next resistance level at 1.25043 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 1.24680 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.2468 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 1.25043 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.25706 |
| 2nd High | 1.25644 |
| Next High | 1.25043 |
| Current Price | 1.24953 |
| Next Low | 1.24680 |
| 2nd Low | 1.24666 |
| 3rd Low | 1.24657 |