EUR/GBP Possible Downtrend - 4 HR
The pair is trending upwards towards a supply zone - providing us opportunities for a possible sell off on the 4 HR chart.
We will be looking to execute a sell in the supply zone around 0.86800, as this is in the 50% - 61.8% Fibonacci retracement region - awaiting CSI confirmation.
Should the pair break above the supply zone, and pass 0.88400 we will consider this trade void.
Key Resistance Level: (SL) 0.88400
Key Support Level: (TP) 0.83250
This content is for information purposes only and does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe for or purchase any particular investment. Opinions expressed in this document may be changed without notice at any time after publication. We therefore disclaim any liability for any loss, liability, damage (whether direct or consequential) or expense of any nature whatsoever which may be suffered as a result of or which may be attributable, directly or indirectly, to the use of or reliance upon the information. Charts and graphs are provided for illustrative purposes only.