Euro / Libra Esterlina
Viés de baixa

EURGBP Short Opportunity

45
Descending Channel:

The price is moving within a descending channel, indicating a bearish trend. The current price action suggests a continuation of this trend.

Moving Averages:

The 200-period Simple Moving Average (SMA) is above the current price, providing resistance and confirming the bearish outlook.
The 50-period SMA is also above the price, acting as additional resistance.


Trade Justification:


The descending channel indicates a bearish trend, and the presence of resistance from moving averages further supports the case for a short position.
The proximity of the current price to key resistance levels increases the likelihood of a rejection and a move lower.

Aviso legal

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