EUR/GBP – 1H – SELL

The currency pair Euro/British Pound (EUR/GBP) goes from the bearish trendline down.

A continuation of the downward movement downwards to the next support at 0.88119 is certain.

Caution: A possible counter-trend in the direction of resistance at 0.8865 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The pair is likely to go up.

Then a ‘RSI Bullish Divergence’ indicator signal is found. The indicator shows ‘RSI Bullish Divergence’. which could be a positive chart signal. The pair is likely to go up.

Then a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

0.8865 – 0.88379 – 0.88128 – 0.88119 – 0.87925 – 0.87665 —
0.88103 – 0.88173 —
45.8533705202 – 48.918841690486 —
– —
0.88650 – 1763114400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Double top chart pattern – – – –