Get started
Euro / British Pound
Short

EUR/GBP: a middle-term drop from the crucial area of resistance?

By Investroy
Looking at the 8h-timeframe graph, we may notice that the price is currently forming a Head&Shoulders pattern on an important level of resistance. From here, we are expecting for the price to keep dropping till the zone of support portrayed on the graph that lines up with the 50% Fibonacci retracement level.
EURGBPFibonacciForexforextradingHead and ShouldersinvestroypriceactionSupport and ResistanceTechnical Analysis
Investroy
Also on:

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.