EUR/GBP – 30M – SELLThe currency pair Euro/British Pound (EUR/GBP) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 0.86653 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.86867 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is 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 signal. The pair is likely to go down.
There is also a ‘ ‘ indicator layout is found. The indicator is ‘ ‘. which is often a bearish signal. The pair is likely to go down.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.
There is also a ‘Bearish Engulfing’ chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87085 |
| 2nd High | 0.86968 |
| Next High | 0.86867 |
| Current Price | 0.86734 |
| Next Low | 0.86653 |
| 2nd Low | 0.8665 |
| 3rd Low | 0.86631 |
0.86867 – 0.86824 – 0.86968 – 0.86653 – 0.86677 – 0.86685 —
0.86789 – 0.86836 —
42.669894818493 – 54.658556721646 —
– —
0.86867 – 1769481000
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Engulfing – Double bottom retreat down – – – – – – – –