The pair Euro/British Pound (EUR/GBP) goes from the ascending trendline down.
A bearish movement downwards to the next support level at is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.88396 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.8865 |
| Next High | 0.88396 |
| Current Price | 0.88148 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.88396 – 0.88391 – 0.88233 – 0.87975 – 0.87895 – 0.88119 —
0.88167 – 0.88188 —
33.766944878862 – 50.547313690797 —
– —
0.88396 – 1763600400
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Double bottom chart pattern – – – –