The currency pair Euro/British Pound (EUR/GBP) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 0.8792 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 0.88283 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.8865 |
| Next High | 0.88283 |
| Current Price | 0.88088 |
| Next Low | 0.8792 |
| 2nd Low | 0.87665 |
| 3rd Low | 0.87617 |
0.88283 – 0.8865 – 0.8843 – 0.8792 – 0.88119 – 0.8813 —
0.88084 – 0.88117 —
42.351890111843 – 54.570804554934 —
– —
0.88283 – 1763368200
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Double top retreat up – – – –