EUR/GBP – 1H – SELLThe currency pair Euro/British Pound (EUR/GBP) moves from the ascending trendline downwards
The bearish trend downwards to the next support line at 0.86384 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0.86553 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair is likely to fall.
Also there is a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.86480514 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.86553 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86938 |
| 2nd High | 0.86835 |
| Next High | 0.86553 |
| Current Price | 0.86473 |
| Next Low | 0.86384 |
| 2nd Low | 0.86093 |
| 3rd Low | 0.86081 |
0.86553 – 0.86835 – 0.86804 – 0.86384 – 0.864 – 0.86645 — 49.838983552616 – 47.213510818525 — 61.274443903715 – 52.936752766395 – 55.875567908854 – 60.590493440942