EUR/GBP – 1H – SELLThe combination jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 0.83539 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.83828 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83880 |
| 2nd High | 0.83851 |
| Next High | 0.83828 |
| Current Price | 0.83655 |
| Next Low | 0.83539 |
| 2nd Low | 0.83422 |
| 3rd Low | 0.83193 |