The pair goes from the bearish trendline downwards
A continuation of the downward movement down to the next support at 1.07096 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 1.07421 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.07143 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.07421 should always be considered.
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 |