EUR/GBP – 1H – SELLThe pair moves from the ascending trendline downwards
A bearish descent downwards to the next support level at 0.83462 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.84184 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.8330286 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 0.84184 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84536 |
| 2nd High | 0.84474 |
| Next High | 0.84184 |
| Current Price | 0.83565 |
| Next Low | 0.83462 |
| 2nd Low | 0.82984 |
| 3rd Low | 0.82946 |