Key Resistance Levels: 0.8648, 0.8695, 0.8740
Key Support Levels: 0.8592, 0.8535, 0.8495
EUR/GBP Price Long-Term: Bearish
On the daily time frame, the price is posting lower lows and highs which shows that the pair is in clear downward movement. In addition, we noticed that the price succeeded to break the daily support (new daily resistance).
EUR/GBP Medium-Term Trend: Bearish
On the 1-hr time frame, the market found sellers at the 50% Fibonacci retracement level, plus it is respecting the white trendline. We are expecting the bears to push the price further downside to the 0.8592 mark.
Sell Order @ 0.8626
TP 1 @ 0.8592
TP 2 @ 0.8535
Stop Loss @ 0.8642
Trade Safely 🙂