EUR/GBP – 1H – SELLThe combination jumps from the ascending trendline down.
A bearish descent down to the next support line at 0.83914 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.84224 is also possible.
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 considered certain. Target of the current trend is 0.83914 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.84224 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84550 |
| 2nd High | 0.84536 |
| Next High | 0.84224 |
| Current Price | 0.84020 |
| Next Low | 0.83914 |
| 2nd Low | 0.83826 |
| 3rd Low |