EUR/GBP – 1H – SELLThe pair goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 0.83230 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.83428 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83514 |
| 2nd High | 0.83497 |
| Next High | 0.83428 |
| Current Price | 0.83355 |
| Next Low | 0.83230 |
| 2nd Low | 0.83229 |
| 3rd Low | 0.83139 |