The pair jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 1.07096 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.07421 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 1.07143 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 1.07421 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08160 |
| 2nd High | 1.07611 |
| Next High | 1.07421 |
| Current Price | 1.07282 |
| Next Low | 1.07096 |
| 2nd Low | 1.06860 |
| 3rd Low | 1.06675 |