The red arrow in front of us is a really good signal for the bearish bearish trend taking place now on the EURGBP chart at that particular moment which is supported by the price 0.7925 which is considered as a top and at the same time considered as a strong resistance in which the price shouldnt go above it while the bearish trend is still in control.
The parabolic sar dots is currently located below the candles meaning that the price might be heading up for a while.
The price located at 0.7565 would be the ideal place to claim profit since its strong support and because after hitting it there is s possibility that it might start heading north instead.
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