The combination Euro/British Pound (EUR/GBP) goes from the bullish trendline downwards
A bearish trend down to the next support line at 0.86653 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.86867 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘ ‘ indicator signal is found. The indicator shows ‘ ‘. this is usually a bearish chart signal. The currency pair is likely to fall.
Additionally a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87085 |
| 2nd High | 0.86968 |
| Next High | 0.86867 |
| Current Price | 0.86888 |
| Next Low | 0.86653 |
| 2nd Low | 0.8665 |
| 3rd Low | 0.86631 |
0.86867 – 0.86824 – 0.86968 – 0.86653 – 0.86677 – 0.86685 —
0.86854 – 0.86981 —
54.801878652934 – 68.153407838519 —
– —
0.86867 – 1769481000
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Double top chart pattern – – – – – – – –