07.01.2022
The overall trend is descending. The currency pair is traded in the descending price channel. The moving averages of the Stochastic Oscillator are not far from the Overbought area.
EUR/GBP rate online: monitor the price movement in real time.
Trading idea:
Sell from the resistance level 0.8550 and the upper edge of the descending price channel.
Stop loss is over the resistance level 0.8590.
Target levels: 0.8453; 0.8420.
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