EUR/GBP – 30M – SELLThe 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