EUR/GBP – 30M – SELLThe pair Euro/British Pound (EUR/GBP) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 0.83128 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.83398 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83752 |
| 2nd High | 0.83581 |
| Next High | 0.83398 |
| Current Price | 0.83248 |
| Next Low | 0.83128 |
| 2nd Low | 0.83093 |
| 3rd Low | 0.83061 |