The combination breaks through the bearish trendline up.
An ascending movement up to the next resistance level at 1.27148 is likely expected.
Caution: A possible change in the direction of the support zone at 1.26593 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.28070 |
| 2nd High | 1.27629 |
| Next High | 1.27148 |
| Current Price | 1.27135 |
| Next Low | 1.26593 |
| 2nd Low | 1.26569 |
| 3rd Low | 1.26448 |