The currency pair Euro/British Pound (EUR/GBP) jumps from the descending trendline down.
A continuation of the downtrend down to the next support at 0.86267 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.86559 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87297 |
| 2nd High | 0.86811 |
| Next High | 0.86559 |
| Current Price | 0.86272 |
| Next Low | 0.86267 |
| 2nd Low | 0.8614 |
| 3rd Low | 0.86113 |
0.86559 – 0.86811 – 0.87297 – 0.86267 – 0.86307 – 0.8614 —
0.86311 – 0.86335 —
35.35005311375 – 45.572689614731 —
– —
0.86559 – 1780588800
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – – – – – – – – –