EUR/GBP – 1H – SELLThe currency pair Euro/British Pound (EUR/GBP) moves from the ascending trendline down.
The bearish trend downwards to the next support at 0.83302 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 0.83609 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.832135 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.83609 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83959 |
| 2nd High | 0.83752 |
| Next High | 0.83609 |
| Current Price | 0.83473 |
| Next Low | 0.83302 |
| 2nd Low | 0.83088 |
| 3rd Low | 0.82675 |