The combination Euro/British Pound (EUR/GBP) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support at 0.8635 is expected.
Caution: A possible change in the direction of the resistance line at 0.86826 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86938 |
| 2nd High | 0.86864 |
| Next High | 0.86826 |
| Current Price | 0.86448 |
| Next Low | 0.8635 |
| 2nd Low | 0.86147 |
| 3rd Low | 0.86111 |
0.86826 – 0.86864 – 0.86481 – 0.86486 – 0.86553 – 0.86623 — 37.317659583354 – 32.95850165839 — 74.465419700474 – 57.592624554136 – 83.453922378194 – 74.852162207404