EUR/GBP – 30M – SELLThe combination Euro/British Pound (EUR/GBP) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 0.82675 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.83461 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.83068 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 0.83461 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83752 |
| 2nd High | 0.83581 |
| Next High | 0.83461 |
| Current Price | 0.83110 |
| Next Low | 0.82675 |
| 2nd Low | 0.82649 |
| 3rd Low | 0.82596 |