Bearish clues:
- EUR/GBP is at the resistance of the bearish channel
- Rebound of the price on the upper band of the Bollinger Bands
- 100 exponential moving average is breaking down
- Relative Strength Index (RSI) < 50
Objective:
EUR/GBP could decrease to the 0.85200 level, which corresponds to a historical oblique bullish resistance (in green) and the support of the bearish channel.
Feel free to share, comment and give your opinion if it is constructive ;)
DISCLAIMER: This is not investment advice
- EUR/GBP is at the resistance of the bearish channel
- Rebound of the price on the upper band of the Bollinger Bands
- 100 exponential moving average is breaking down
- Relative Strength Index (RSI) < 50
Objective:
EUR/GBP could decrease to the 0.85200 level, which corresponds to a historical oblique bullish resistance (in green) and the support of the bearish channel.
Feel free to share, comment and give your opinion if it is constructive ;)
DISCLAIMER: This is not investment advice
Trade closed: target reached:
Take Profit at 0.85200 reached. The support did his job well!