EUR/GBP – 30M – SELLThe combination Euro/British Pound (EUR/GBP) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support at 0.82695 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.83014 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.82671 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support line at 0.83014 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83314 |
| 2nd High | 0.83123 |
| Next High | 0.83014 |
| Current Price | 0.82735 |
| Next Low | 0.82695 |
| 2nd Low | 0.82671 |
| 3rd Low | 0.82649 |