Euro to Pound Analysis:
1. The price of the euro is lower than the 200-day moving average on a daily basis.
2. Consider drawing a downward trend line and matching the price of the 4-hour time frame with the daily time frame.
3. Enter the price in the price return area
4. The first possibility of further price reduction in the short term
5. Support and resistance in the four-hour time frame:
Third support: 0.85234 Second support: 0.85039 First support: 0.84927
Third resistance: 0.85902 Second resistance: 0.86108 First resistance: 0.86696
Note: If the first support is broken, the strong downtrend will continue to the 0.84000 demand area.
1. The price of the euro is lower than the 200-day moving average on a daily basis.
2. Consider drawing a downward trend line and matching the price of the 4-hour time frame with the daily time frame.
3. Enter the price in the price return area
4. The first possibility of further price reduction in the short term
5. Support and resistance in the four-hour time frame:
Third support: 0.85234 Second support: 0.85039 First support: 0.84927
Third resistance: 0.85902 Second resistance: 0.86108 First resistance: 0.86696
Note: If the first support is broken, the strong downtrend will continue to the 0.84000 demand area.