EUR/GBP – 30M – SELLThe pair goes from the ascending trendline down.
A bearish descent downwards to the next support at 0.83168 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.83598 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.83284058 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.83598 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83862 |
| 2nd High | 0.83714 |
| Next High | 0.83598 |
| Current Price | 0.83424 |
| Next Low | 0.83168 |
| 2nd Low | 0.83167 |
| 3rd Low |