EUR/GBP – 30M – SELLThe currency pair goes from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 0.83462 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.83959 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 0.83775 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 0.83959 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84426 |
| 2nd High | 0.84184 |
| Next High | 0.83959 |
| Current Price | 0.83594 |
| Next Low | 0.83462 |
| 2nd Low | 0.82984 |
| 3rd Low | 0.82946 |