The currency pair jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 153.40900 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 155.68400 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 160.21700 |
| 2nd High | 157.98400 |
| Next High | 155.68400 |
| Current Price | 155.47400 |
| Next Low | 153.40900 |
| 2nd Low | 151.85600 |
| 3rd Low | 151.56700 |