EUR/GBP Long-Term Trend: Bearish
Key Resistance Levels: 0.86414, 0.86658, 0.87100
Key Support Levels: 0.86143, 0.86009, 0.85817
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
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.
Sell Stop Order @ 0.86309
TP @ 0.86166
Stop Loss @ 0.86452
Trade Safely 🙂