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 1.26569 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 1.28070 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.28600 |
| Next High | 1.28070 |
| Current Price | 1.26975 |
| Next Low | 1.26593 |
| 2nd Low | 1.26569 |
| 3rd Low | 1.26448 |