The pair moves from the descending trendline down.
A continuation of the downward movement down to the next support level at 1.26593 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.27148 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.28070 |
| 2nd High | 1.27629 |
| Next High | 1.27148 |
| Current Price | 1.26795 |
| Next Low | 1.26593 |
| 2nd Low | 1.26569 |
| 3rd Low | 1.26448 |