EUR/GBP – 1H – SELL

The pair Euro/British Pound (EUR/GBP) jumps from the descending trendline downwards

A continuation of the bearish trend downwards to the next support level at 0.86865 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.87011 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.

Moreover a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair could go down.

Moreover a ‘MACD Hidden Bearish Divergence’ indicator signal is detected. The indicator is ‘MACD Hidden Bearish Divergence’. this is usually a bearish signal. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

0.87011 – 0.87136 – 0.87102 – 0.86865 – 0.86841 – 0.86957 —
0.87011 – 0.86983 —
57.336395017229 – 56.420198734726 —
0.87011 – 1776297600 —
– 1776297600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Rising Wedge Chart Pattern – – – – – – – –