EUR/GBP – 30M – SELLThe currency pair Euro/British Pound (EUR/GBP) moves from the bullish trendline downwards
A bearish trend down to the next support level at 0.83058 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.83219 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 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.83058 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 0.83219 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83512 |
| 2nd High | 0.83386 |
| Next High | 0.83219 |
| Current Price | 0.83161 |
| Next Low | 0.83058 |
| 2nd Low | 0.83041 |
| 3rd Low | 0.82675 |