EUR/GBP – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.83221348 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.83379 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83598 |
| 2nd High | 0.83450 |
| Next High | 0.83379 |
| Current Price | 0.83285 |
| Next Low | 0.83105 |
| 2nd Low | |
| 3rd Low |