EUR/GBP – 1H – SELL

The combination Euro/British Pound (EUR/GBP) moves from the ascending trendline down.

A bearish descent downwards to the next support level at 0.87895 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 0.8865 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair could go down.

Then a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.8789746 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.8865 should be noted.
Consider stop-loss settings accordingly.

0.8865 – 0.88379 – 0.88128 – 0.87895 – 0.88119 – 0.87925 —
0.88129 – 0.88177 —
46.573035698676 – 55.344615248349 —
– —
0.88650 – 1763114400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Double top retreat up – – – –