EURGBP bearish continuationEURGBP Technical Analysis
January 25, 2025
Bearish Trend Confirmation
Price Action Indicators
Lower lows and lower highs pattern
Trendline acting as strong resistance
Downward price momentum confirmed
Key Technical Observations
Descending trend channel
Resistance level: 0.84327 area
Price rejected at trendline resistance
Trade Strategy
Short entry near resistance
Stop above recent high
Targeting lower support levels at 0.83283