The pair Euro/British Pound (EUR/GBP) moves from the ascending trendline down.
A descent down to the next support level at will persist.
Caution: A possible trend reversal in the direction of the resistance level at 0.8865 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.8865 |
| Current Price | 0.88138 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.8865 – 0.88291 – 0.88171 – 0.87665 – 0.87617 – 0.86638 —
0.88288 – 0.88144 —
50.568417312334 – 48.180068528244 —
– —
0.88650 – 1763107200
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Rising Wedge Chart Pattern – – – –