EUR/GBP – 1H – SELLThe combination moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 0.84213 will continue.
Caution: A possible change in the direction of the resistance zone at 0.84525 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.84213 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 0.84525 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84630 |
| 2nd High | 0.84550 |
| Next High | 0.84525 |
| Current Price | 0.84265 |
| Next Low | 0.84213 |
| 2nd Low | 0.84111 |
| 3rd Low | 0.84056 |