Breaking News

EUR/GBP Potential Downward Movement

EUR/GBP Long-Term Trend: Bearish

Key Resistance Levels: 0.86414, 0.86658, 0.87100

Key Support Levels: 0.86143, 0.86009, 0.85817

4-Hour Chart:

The price on the higher time frame has been in a downtrend recently and it consolidated for some time between 0.87180 and 0.86639 until the lower range was broken. It has broken another support level which suggests further trend continuation.

EUR/GBP Medium-Term Trend: Bearish

30-Minute Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 0.87100 and 0.86658 and sustained below that. As of now the pair has broken and retested a minor level of 0.86414 before continuing the momentum.

Signal Idea:

Sell Stop Order @ 0.86309

TP @ 0.86166

Stop Loss @ 0.86452

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.


  1. The TP is above the order and it is a sell order? Is this right?

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!

Free Robot!