EUR / GBP is declining today for the third trading day in a row. Yesterday the pair broke through the important support level 0.8655 and today continues to develop the downward dynamics, declining within the descending channels on the daily and weekly charts.
EUR / GBP remains under pressure due to fundamental factors, which preserves the risks of its further decline (see Fundamental Analysis and Market Expectations)
. Below the important short-term resistance levels 0.8674, 0.8655, only short positions should be considered.
Support levels: 0.8600, 0.8495, 0.8400, 0.8350, 0.8210
Resistance levels: 0.8655, 0.8674, 0.8715, 0.8740, 0.8795
Trading Recommendations
Sell by market, Sell Stop 0.8620. Stop-Loss 0.8665. Take-Profit 0.8600, 0.8495, 0.8400, 0.8350, 0.8210
Buy Stop 0.8665. Stop-Loss 0.8620. Take-Profit 0.8674, 0.8715, 0.8740, 0.8795
*) EUR/GBP: Current Fundamental Analysis and Market Expectations
**) the most up-to-date "hot" analytics and trading recommendations (including entries into trades "by-the-market") - https://t.me/fxrealtrading
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