Current Price: 1.08053
Support Level: Around 1.07500
Resistance Area: Around 1.07000
Distance Calculation:
1. From Support to Resistance Area:
1.07500 - 1.07000 = 50 pips
2. From Current Price to Support:
1.08053 - 1.07500 = 55.3 pips
These distances indicate that if the price breaks below the support at 1.07500, it may drop toward the resistance area (now acting as support) at 1.07000. If the support holds, a bounce back could occur.
Support Level: Around 1.07500
Resistance Area: Around 1.07000
Distance Calculation:
1. From Support to Resistance Area:
1.07500 - 1.07000 = 50 pips
2. From Current Price to Support:
1.08053 - 1.07500 = 55.3 pips
These distances indicate that if the price breaks below the support at 1.07500, it may drop toward the resistance area (now acting as support) at 1.07000. If the support holds, a bounce back could occur.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.