EUR/GBP – 1H – SELL

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

A continuation of the bearish trend downwards to the next support line at 0.87651 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.87983 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The pair is likely to go down.

Furthermore a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

0.87983 – 0.88195 – 0.88307 – 0.87651 – 0.87797 – 0.87951 —
0.87851 – 0.87932 —
48.2457808665 – 58.889170075122 —
– —
0.87983 – 1764079200

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