EUR/GBP – 30M – SELLThe currency pair jumps from the ascending trendline down.
A bearish descent downwards to the next support at will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.84013 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 0.83735 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 0.84013 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84252 |
| 2nd High | 0.84224 |
| Next High | 0.84013 |
| Current Price | 0.83649 |
| Next Low | |
| 2nd Low | |
| 3rd Low |