EUR/GBP Long-Term Trend: Bearish
Key Resistance Levels: 0.85912, 0.86134, 0.86354
Key Support Levels: 0.85732, 0.85592, 0.85190
The price on the higher time frame has been in a downtrend after it broke a trading range of 0.87180 and 0.86640 to the downside. The pair has broken another support level of 0.85760 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 0.86354 and 0.86134 and sustained below that. As of now the pair has broken and retested a minor level of 0.85912 before continuing the momentum.
Sell Stop Order @ 0.85850
TP @ 0.85761
Stop Loss @ 0.85939
Trade Safely 🙂