EUR/GBP – 1H – SELLThe combination moves from the ascending trendline downwards
A bearish descent downwards to the next support line at 0.83029 is certain.
Caution: A possible change in the direction of the resistance line at 0.83461 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.83147072 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 0.83461 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83828 |
| 2nd High | 0.83798 |
| Next High | 0.83461 |
| Current Price | 0.83278 |
| Next Low | 0.83029 |
| 2nd Low | 0.82946 |
| 3rd Low |