And also a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The combination Euro/British Pound (EUR/GBP) moves from the ascending trendline down.
A bearish trend down to the next support at 0.87831 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.88012 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.88307 |
| 2nd High | 0.88176 |
| Next High | 0.88012 |
| Current Price | 0.87914 |
| Next Low | 0.87831 |
| 2nd Low | 0.87797 |
| 3rd Low | 0.87727 |
0.88012 – 0.87893 – 0.87899 – 0.87831 – 0.87797 – 0.87727 —
0.87962 – 0.87990 —
58.210995499249 – 54.840837588995 —
– —
0.88012 – 1764676800
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Rising Wedge Chart Pattern – – – – – – – –