EUR/GBP – 30M – SELLThe pair goes from the descending trendline down.
A continuation of the downward movement down to the next support level at 0.83243 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.83579 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.83168 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of support at 0.83579 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83714 |
| 2nd High | 0.83598 |
| Next High | 0.83579 |
| Current Price | 0.83249 |
| Next Low | 0.83243 |
| 2nd Low | 0.83168 |
| 3rd Low | 0.83167 |