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EUR/GBP Potential Downward Movement

EUR/GBP Long-Term Trend: Bearish

Key Resistance Levels: 0.86322, 0.86839, 0.87095

Key Support Levels: 0.85695, 0.85328, 0.84859

Daily Chart:

The price on the higher time frame has been in a downtrend recently after it tested a major key level of 0.86927 and reversed. The pair has continued to break the EMA and a support level which suggests further trend continuation.

EUR/GBP Medium-Term Trend: Bearish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It faced resistance just at 0.86839 level and reversed. As of now the pair broke a support level of 0.86322 and retested before continuing the momentum.  

Signal Idea:

Sell Stop Order @ 0.86056

TP @ 0.85739

Stop Loss @ 0.86373

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. Moving stop loss to break even means move SL to the price of the sell order?

  2. What time is trade starting?

  3. I just entered this is my 1st trade from you guys.. should we are holding this trade right?

  4. Do we put the order in as soon as the message is posted?

  5. I just spotted a gap on previous news release, 05/01/24 17:00
    Could that make us more confident about this trade?

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