The pair goes from the bearish trendline down.
A continuation of the downtrend down to the next support level at 1.26593 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 1.27148 could occur.
Please make appropriate stop-loss settings in the case of a trade.
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 counter-trend in the direction of the support zone at 1.27148 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.28070 |
| 2nd High | 1.27629 |
| Next High | 1.27148 |
| Current Price | 1.26872 |
| Next Low | 1.26593 |
| 2nd Low | 1.26569 |
| 3rd Low | 1.26448 |