EUR/GBP – 4H – SELLThe combination Euro/British Pound (EUR/GBP) goes from the bullish trendline down.
A descent downwards to the next support line at 0.82746 is certain.
Caution: A possible change in the direction of the resistance line at 0.83281 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.827505 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 0.83281 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83752 |
| 2nd High | 0.83642 |
| Next High | 0.83281 |
| Current Price | 0.82893 |
| Next Low | 0.82746 |
| 2nd Low | 0.82220 |
| 3rd Low |