EUR/GBP – 1H – SELLThe currency pair goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 0.83193 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.83798 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 0.83249 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 0.83798 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83851 |
| 2nd High | 0.83828 |
| Next High | 0.83798 |
| Current Price | 0.83212 |
| Next Low | 0.83193 |
| 2nd Low | 0.83105 |
| 3rd Low |