The currency pair breaks through the descending trendline upwards
An ascending movement upwards to the next resistance at 1.27629 is expected.
Caution: A possible trend reversal in the direction of the support level at 1.26593 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 1.275845 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.27629 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.28600 |
| 2nd High | 1.28070 |
| Next High | 1.27629 |
| Current Price | 1.27165 |
| Next Low | 1.26593 |
| 2nd Low | 1.26569 |
| 3rd Low | 1.26448 |