EUR/GBP – 30M – SELLThe currency pair Euro/British Pound (EUR/GBP) moves from the bullish trendline down.
A bearish descent down to the next support level at 0.86713 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.86782 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
And also a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair is likely to fall.
And also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.
And also a ‘Three Outside Down’ candle pattern is found. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87248 |
| 2nd High | 0.87085 |
| Next High | 0.86782 |
| Current Price | 0.86747 |
| Next Low | 0.86713 |
| 2nd Low | 0.86534 |
| 3rd Low | 0.86519 |
0.86782 – 0.86606 – 0.86631 – 0.86713 – 0.86534 – 0.86519 —
0.86766 – 0.86796 —
64.229720415031 – 67.865522449085 —
– —
0.86782 – 1767814200
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – – – – – – – – –