EUR/GBP – 30M – SELL

The combination Euro/British Pound (EUR/GBP) moves from the ascending trendline down.

A bearish movement downwards to the next support at 0.86227 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.86368 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair could go down.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

In addition a ‘Bearish Engulfing’ chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

0.86368 – 0.86418 – 0.86476 – 0.86227 – 0.86327 – 0.8633 —
0.86350 – 0.86366 —
53.672206583509 – 52.118830807325 —
– —
0.86368 – 1778022000

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