The pair Euro/British Pound (EUR/GBP) goes from the descending trendline down.
A continuation of the downtrend down to the next support level at 0 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 0 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘MACD crosses above signal’ indicator signal is detected. The indicator is ‘MACD crosses above signal’. which is often a bullish chart scenario. The pair is likely to go up.
Also there is a ‘MACD Hidden Bullish Divergence’ indicator signal is detected. The indicator is ‘MACD Hidden Bullish Divergence’. which is often a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0 |
| 2nd High | 0 |
| Next High | 0 |
| Current Price | 0.86900 |
| Next Low | 0 |
| 2nd Low | 0 |
| 3rd Low | 0 |
0.87451 – 0.86922 – 0.86907 – 0.86576 – 0.86526 – 0.86512 —
0.86850 – 0.86823 —
45.176825552433 – 44.17251972986 —
– —
0.87451 – 1768996800
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – – – – – – – – –