Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.62151).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURSGD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 38.
Take Profits:
TP1= @ 1.61337
TP2= @ 1.60841
TP3= @ 1.60507
TP4= @ 1.60003
TP5= @ 1.59573
SL: Break Above R2
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