EUR/GBP – 30M – SELLThe pair Euro/British Pound (EUR/GBP) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 0.83041 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.83461 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.83068 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.83461 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83752 |
| 2nd High | 0.83581 |
| Next High | 0.83461 |
| Current Price | 0.83201 |
| Next Low | 0.83041 |
| 2nd Low | 0.82675 |
| 3rd Low | 0.82649 |