Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.0702546 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 1.07611 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08517 |
| 2nd High | 1.08160 |
| Next High | 1.07611 |
| Current Price | 1.07282 |
| Next Low | 1.07096 |
| 2nd Low | 1.06860 |
| 3rd Low | 1.06675 |