EUR/GBP – 30M – SELLThe combination jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 0.83536 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.83733 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 0.83536 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.83733 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83828 |
| 2nd High | 0.83745 |
| Next High | 0.83733 |
| Current Price | 0.83565 |
| Next Low | 0.83536 |
| 2nd Low | 0.83422 |
| 3rd Low | 0.83193 |