EUR/GBP – 1H – SELLThe currency pair moves from the bullish trendline down.
A bearish movement down to the next support at 0.84111 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.84536 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 0.84179 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 0.84536 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84630 |
| 2nd High | 0.84550 |
| Next High | 0.84536 |
| Current Price | 0.84120 |
| Next Low | 0.84111 |
| 2nd Low | 0.84056 |
| 3rd Low | 0.83989 |