The currency pair Euro/British Pound (EUR/GBP) moves from the descending trendline downwards
A continuation of the downtrend down to the next support level at 0.86276 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.86504 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.
And also a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86567 |
| 2nd High | 0.86539 |
| Next High | 0.86504 |
| Current Price | 0.86350 |
| Next Low | 0.86276 |
| 2nd Low | 0.86164 |
| 3rd Low | 0.86118 |
0.86504 – 0.86447 – 0.86497 – 0.86276 – 0.86317 – 0.86164 —
0.86425 – 0.86429 —
54.386908627204 – 52.803759306146 —
– —
0.86504 – 1773853200
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Rising Wedge Chart Pattern – – – – – – – –