The currency pair breaks through the descending trendline upwards
An ascending movement upwards to the next resistance line at 1.25043 is expected.
Caution: A possible counter-trend in the direction of the support level at 1.24680 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 1.2468 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 1.25043 could be enabled.
Consider stop-loss settings accordingly.
| 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 |