EUR/GBP – 1H – SELLThe combination moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 0.83422 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.83828 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.83422 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support line at 0.83828 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83880 |
| 2nd High | 0.83851 |
| Next High | 0.83828 |
| Current Price | 0.83505 |
| Next Low | 0.83422 |
| 2nd Low | 0.83193 |
| 3rd Low | 0.83105 |