EUR/GBP – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.84179 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.84536 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84630 |
| 2nd High | 0.84550 |
| Next High | 0.84536 |
| Current Price | 0.84214 |
| Next Low | 0.84179 |
| 2nd Low | 0.84111 |
| 3rd Low | 0.84056 |