EUR/GBP – 30M – SELLThe currency pair Euro/British Pound (EUR/GBP) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support at 0.83230 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.83512 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 considered certain. Target of the current trend is 0.8323 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.83512 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83642 |
| 2nd High | 0.83552 |
| Next High | 0.83512 |
| Current Price | 0.83244 |
| Next Low | 0.83230 |
| 2nd Low | 0.83088 |
| 3rd Low | 0.83041 |