EUR/GBP – 1H – SELL

The 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 0.86893 will continue.

Caution: A possible change in the direction of the resistance zone at 0.87217 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.

There is also a ‘StochRSI %K falls below 0.8’ indicator signal is existing. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish signal. The currency pair could go down.

There is also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

There is also a ‘Bearish Engulfing’ candlestick chart pattern is found. The chart forms ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

0.87122 – 0.87011 – 0.87136 – 0.86893 – 0.86865 – 0.86841 —
0.87182 – 0.87183 —
56.879050906921 – 45.570060500258 —
– —
0.87122 – 1776358800

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