EUR/GBP Long-Term Trend: Bearish
Key Resistance Levels: 0.8459, 0.8516, 0.8598
Key Support Levels: 0.8395, 0.8317, 0.8251
The price on the higher time frame has recently reversed from a strong resistance level of 0.8598 and after that, it also broke a small support zone near 0.8459. As of now, the price looks good for the bearish candidate.
EUR/GBP Medium-Term Trend: Bearish
On the lower time frame, the pair is moving in the major trend’s direction while making lower highs. The price broke and retested a zone of 0.8528 and then continued the bearish move. A minor support level of 0.8456 has also been broken and retested which makes it a good bearish candidate.
Sell Stop Order @ 0.8431
TP 1 @ 0.8393
TP 2 @ 0.8355
Stop Loss @ 0.8469
Trade Safely 🙂