EUR/GBP – 1H – SELLThe currency pair jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 0.83167 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.83492 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.83167 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.83492 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83862 |
| 2nd High | 0.83714 |
| Next High | 0.83492 |
| Current Price | 0.83176 |
| Next Low | 0.83167 |
| 2nd Low | |
| 3rd Low |