EUR/GBP – 1H – SELLThe combination goes from the bearish trendline down.
A continuation of the downward movement down to the next support line at 0.83139 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.83514 could happen.
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 | 0.83514 |
| Current Price | 0.83450 |
| Next Low | 0.83139 |
| 2nd Low | 0.83029 |
| 3rd Low | 0.82946 |