EUR/GBP – 1H – SELLThe pair Euro/British Pound (EUR/GBP) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 0.83088 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.83386 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.82881938 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.83386 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83642 |
| 2nd High | 0.83552 |
| Next High | 0.83386 |
| Current Price | 0.83130 |
| Next Low | 0.83088 |
| 2nd Low | 0.82675 |
| 3rd Low | 0.82596 |