EUR/GBP – 30M – SELLThe combination goes from the bullish trendline downwards
A bearish trend down to the next support level at 0.83931 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.84224 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 0.84037 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 0.84224 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84529 |
| 2nd High | 0.84252 |
| Next High | 0.84224 |
| Current Price | 0.83963 |
| Next Low | 0.83931 |
| 2nd Low | 0.83826 |
| 3rd Low |