EUR/GBP – 1H – SELLThe pair Euro/British Pound (EUR/GBP) moves from the bullish trendline down.
A bearish descent downwards to the next support at 0.83128 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 0.83407 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 0.83275264 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 0.83407 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83959 |
| 2nd High | 0.83752 |
| Next High | 0.83407 |
| Current Price | 0.83132 |
| Next Low | 0.83128 |
| 2nd Low | 0.83093 |
| 3rd Low | 0.83061 |