EUR/GBP – 30M – SELLThe combination Euro/British Pound (EUR/GBP) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 0.82663 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.82938 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 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.82743712 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 0.82938 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83005 |
| 2nd High | 0.83002 |
| Next High | 0.82938 |
| Current Price | 0.82722 |
| Next Low | 0.82663 |
| 2nd Low | 0.82649 |
| 3rd Low | 0.82596 |