EUR/GBP – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.83638412 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.84042 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84529 |
| 2nd High | 0.84339 |
| Next High | 0.84042 |
| Current Price | 0.83838 |
| Next Low | 0.83809 |
| 2nd Low | 0.83556 |
| 3rd Low | 0.83422 |