EUR/GBP’s D1 chart traded lower on Tuesday after prices touched above a descending channel, closing at 0.84119. The trend is still bearish today, and it can be seen that the SAR indicator is slowly approaching the price, and the bullish power may subside. The Williams indicator is currently breaking below -20 and the surface trend is beginning to show signs of falling.
The H1 chart hit our target price yesterday. The RVI indicator is currently forming a death cross signal, and you can wait for the breakout of the 0-axis layout to go short. The bearish power of the MACD indicator has also broken through the signal line, and the bearish strength is strong. The RSI has also pulled back to the safe level, which is a strong push for the price to fall.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
