The combination Euro/British Pound (EUR/GBP) jumps from the descending trendline down.
A continuation of the downtrend down to the next support line at 0.83727 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.83980 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.84075 |
2nd High | 0.83981 |
Next High | 0.83980 |
Current Price | 0.83865 |
Next Low | 0.83727 |
2nd Low | 0.83224 |
3rd Low | 0.83151 |
0.83980 – 0.83981 – 0.84075 – 0.83727 – 0.83880 – 0.83874
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down