Sell opportunity

EUR/GBP Short Signal
Entry Price: 0.84492
Target Price: 0.83277 (-1.44%)
Stop Loss: 0.84781 (-0.34%)
Risk/Reward Ratio: 4.2
Analysis:

Technical Indicators:

The price is consolidating below the resistance level of 0.84781, indicating potential rejection.
EMA (252) and EMA (756) suggest a bearish trend in the medium term.
Volume Profile:

A high-volume node around the entry area strengthens the case for a short trade, as it represents significant price action.
Setup:

Downside target aligns with a strong support level around 0.83277, where buyers are expected to re-enter.
The tight stop-loss ensures limited risk with an excellent risk/reward ratio.
Context:

Fundamental pressure on the Euro and a relatively stronger GBP may drive the price lower in the short term.