EUR/GBP – 1H – SELLThe currency pair Euro/British Pound (EUR/GBP) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support at 0.8663 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.86922 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.8655146 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 0.86922 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87455 |
| 2nd High | 0.87248 |
| Next High | 0.86922 |
| Current Price | 0.86638 |
| Next Low | 0.8663 |
| 2nd Low | 0.86437 |
| 3rd Low | 0.86321 |
0.86922 – 0.86861 – 0.86907 – 0.8663 – 0.86644 – 0.86437 —
0.86788 – 0.86704 —
45.309996809236 – 41.730872183333 —
– —
0.86922 – 1768208400
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Double top chart pattern – – – – – – – –