Get started
VladimirRibakov

EURGBP Forecast

Short
Euro / British Pound (OANDA:EURGBP)  
VladimirRibakov  
OANDA:EURGBP   Euro / British Pound
Trend Analysis Multiple Time Frame Analysis EURGBP forecast SELL Bearish Patterns bearishdivergence psychologicalroundnumber keyresistance bearishtrendpattern pullbacks
13
1
trendanalysis mtfa eurgbp forecast sell bearish bearishdivergence psychologicalroundnumber keyresistance bearishtrendpattern pullbacks
D1 - The price tested and false broke the 0.91 psychological zone. Bearish divergence.

We also have the 61.8% (0.90920) fibonacci expansion level of the first wave coinciding in the same zone, which makes this area a key resistance zone for us. The price is currently holding below this key resistance zone.

H1 - Bearish trend pattern.

Expecting further continuation lower after pullbacks.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.