EUR/GBP – 30M – SELL

The currency pair Euro/British Pound (EUR/GBP) goes from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support line at 0.87064 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 0.87312 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.

And also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.8714532 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.87312 could happen.
In the case of a trade, always set appropriate stop-loss settings.

0.87312 – 0.87266 – 0.87427 – 0.87064 – 0.87071 – 0.8707 —
0.87181 – 0.87304 —
56.733721517724 – 70.6824792226 —
– —
0.87312 – 1772011800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Double bottom chart pattern – – – – – – – –