EUR/GBP – 30M – SELL

The pair Euro/British Pound (EUR/GBP) jumps from the ascending trendline down.

A descent downwards to the next support line at 0.86678 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.86777 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The pair is likely to go down.

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

Besides a ‘Bearish Engulfing’ candle pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

0.86777 – 0.86776 – 0.86783 – 0.86678 – 0.86531 – 0.86636 —
0.86769 – 0.86763 —
55.122109658904 – 55.338951146245 —
– —
0.86777 – 1776992400

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