EUR/GBP – 1H – SELLThe pair Euro/British Pound (EUR/GBP) jumps from the ascending trendline down.
A bearish trend down to the next support line at 0.83302 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 0.83552 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.831585 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.83552 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83752 |
| 2nd High | 0.83642 |
| Next High | 0.83552 |
| Current Price | 0.83345 |
| Next Low | 0.83302 |
| 2nd Low | 0.83088 |
| 3rd Low | 0.82675 |