The currency pair jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support at 1.07096 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 1.07421 could be enabled.
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 considered certain. Target of the current trend is 1.07143 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.07421 could be enabled.
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 |