EUR/GBP – 30M – SELLFurthermore a ‘Double bottom retreat down’ chart layout is discovered. The chart forms ‘Double bottom retreat down’. which is a negative signal. The pair is likely to go down.
The pair Euro/British Pound (EUR/GBP) goes from the bullish trendline down.
A bearish trend downwards to the next support line at 0.85099 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.85460 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85649 |
| 2nd High | 0.85472 |
| Next High | 0.85460 |
| Current Price | 0.85300 |
| Next Low | 0.85099 |
| 2nd Low | 0.85098 |
| 3rd Low | 0.84951 |
0.85312 – 0.85191 – 0.85164 – 0.85099 – 0.85098 – 0.84951