EUR/GBP – 30M – SELL

The currency pair Euro/British Pound (EUR/GBP) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support line at 0.86409 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.86748 should always be considered.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

Additionally a ‘Bearish Belt Hold’ candlestick pattern is existing. The chart forms ‘Bearish Belt Hold’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

0.86748 – 0.86691 – 0.86707 – 0.86409 – 0.86524 – 0.86495 —
0.86718 – 0.86711 —
59.821160915219 – 52.133234797898 —
– —
0.86748 – 1769776200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Belt Hold – Head and Shoulder chart pattern – – – – – – – –