The currency pair jumps from the bullish trendline down.
A bearish descent downwards to the next support line at 1.07577 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 1.07713 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08662 |
| 2nd High | 1.08124 |
| Next High | 1.07713 |
| Current Price | 1.07785 |
| Next Low | 1.07577 |
| 2nd Low | 1.07552 |
| 3rd Low | 1.07244 |
The pair goes from the ascending trendline downwards
A bearish descent downwards to the next support line at 1.07577 is expected.
Caution: A possible change in the direction of the resistance zone at 1.08124 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08847 |
| 2nd High | 1.08662 |
| Next High | 1.08124 |
| Current Price | 1.07762 |
| Next Low | 1.07577 |
| 2nd Low | 1.07552 |
| 3rd Low | 1.07244 |
The combination moves from the ascending trendline down.
A bearish descent down to the next support level at 1.07577 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.08124 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08847 |
| 2nd High | 1.08662 |
| Next High | 1.08124 |
| Current Price | 1.07802 |
| Next Low | 1.07577 |
| 2nd Low | 1.07552 |
| 3rd Low | 1.07244 |
The combination breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance at 1.07713 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 1.07577 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08662 |
| 2nd High | 1.08124 |
| Next High | 1.07713 |
| Current Price | 1.07840 |
| Next Low | 1.07577 |
| 2nd Low | 1.07552 |
| 3rd Low | 1.07244 |
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.08124 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.08124 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08847 |
| 2nd High | 1.08662 |
| Next High | 1.08124 |
| Current Price | 1.07862 |
| Next Low | 1.07577 |
| 2nd Low | 1.07552 |
| 3rd Low | 1.07244 |
The combination jumps from the bullish trendline downwards
A descent down to the next support at 1.07577 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 1.08124 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08847 |
| 2nd High | 1.08662 |
| Next High | 1.08124 |
| Current Price | 1.07862 |
| Next Low | 1.07577 |
| 2nd Low | 1.07552 |
| 3rd Low | 1.07244 |
The combination breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance level at 1.08124 will continue.
Caution: A possible change in the direction of the support line at 1.07577 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08847 |
| 2nd High | 1.08662 |
| Next High | 1.08124 |
| Current Price | 1.07830 |
| Next Low | 1.07577 |
| 2nd Low | 1.07552 |
| 3rd Low | 1.07244 |
The currency pair breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance line at 1.07713 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 1.07577 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 1.08124 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.07713 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08662 |
| 2nd High | 1.08124 |
| Next High | 1.07713 |
| Current Price | 1.07868 |
| Next Low | 1.07577 |
| 2nd Low | 1.07552 |
| 3rd Low | 1.07244 |