EUR/GBP: My Intraday Short Setup as Key Resistance Holds Firm

EUR/GBPShortIntraday2h ago1 views

Trade Setup

Entry Price

0.85957

Stop Loss

0.86211

Take Profit

0.85450

Risk : Reward

1 : 2.00

RiskReward

Market Structure and Technical Confluence


Currently, EUR/GBP is trading around 0.85906, having seen a modest 0.12% change over the last 24 hours. The market has been moving sideways, as evidenced by the daily range between 0.85747 and 0.86064. However, what interests me is the rejection we're observing at the upper end of this range. The 0.8606 level

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