EUR/GBP – 30M – SELLThe pair moves from the descending trendline downwards
A continuation of the downtrend down to the next support level at 0.83249 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.83635 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.83249 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 0.83635 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83798 |
| 2nd High | 0.83673 |
| Next High | 0.83635 |
| Current Price | 0.83264 |
| Next Low | 0.83249 |
| 2nd Low | 0.83193 |
| 3rd Low | 0.83105 |