EUR/GBP – 30M – SELLThe combination moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 0.83123 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.83598 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.832351 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.83598 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83862 |
| 2nd High | 0.83714 |
| Next High | 0.83598 |
| Current Price | 0.83258 |
| Next Low | 0.83123 |
| 2nd Low | |
| 3rd Low |