EUR/GBP – 1H – SELLThe combination moves from the ascending trendline down.
A bearish descent down to the next support level at 0.83139 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.83428 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.8313279 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 0.83428 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83514 |
| 2nd High | 0.83497 |
| Next High | 0.83428 |
| Current Price | 0.83156 |
| Next Low | 0.83139 |
| 2nd Low | 0.83029 |
| 3rd Low | 0.82946 |