EUR/GBP – 1H – SELLThe currency pair Euro/British Pound (EUR/GBP) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 0.83093 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.83407 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.83128 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.83407 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83959 |
| 2nd High | 0.83752 |
| Next High | 0.83407 |
| Current Price | 0.83101 |
| Next Low | 0.83093 |
| 2nd Low | 0.83061 |
| 3rd Low | 0.83048 |