EUR/GBP – 1H – SELLThe pair moves from the descending trendline down.
A continuation of the bearish trend down to the next support level at 0.84037 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.84536 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction 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 0.84037 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.84536 could occur.
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 | 0.84536 |
| Current Price | 0.84074 |
| Next Low | 0.84037 |
| 2nd Low | 0.83989 |
| 3rd Low | 0.83931 |