EUR/GBP – 1H – SELLThe currency pair goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 0.83167 is considered certain.
Caution: A possible change in the direction of the resistance line at 0.83714 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 0.83167 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 0.83714 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84224 |
| 2nd High | 0.83862 |
| Next High | 0.83714 |
| Current Price | 0.83368 |
| Next Low | 0.83167 |
| 2nd Low | |
| 3rd Low |