EUR/GBP – 1H – SELL

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

A continuation of the downward movement downwards to the next support line at 0.86303 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.86792 should be noted.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair is likely to fall.

Additionally a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.86273244 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 0.86792 should be noted.
Consider stop-loss settings accordingly.

0.86792 – 0.86483 – 0.86504 – 0.86303 – 0.86143 – 0.86113 —
0.86498 – 0.86477 —
42.488292402072 – 44.19912899921 —
– —
0.86792 – 1774227600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – – – – – – – – – –