EUR/GBP – 1H – SELL

The pair Euro/British Pound (EUR/GBP) goes from the bearish trendline down.

A continuation of the downtrend down to the next support at 0.86253 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.86605 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.86253 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 0.86605 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

0.86605 – 0.86765 – 0.87007 – 0.86414 – 0.86435 – 0.86253 —
0.86504 – 0.86447 —
47.384678948027 – 46.112334620942 —
– —
0.86605 – 1773147600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Symmetrical Triangle Chart Pattern – – – – – – – –