The pair Euro/British Pound (EUR/GBP) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 0.86185 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.86863 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87402 |
| 2nd High | 0.87297 |
| Next High | 0.86863 |
| Current Price | 0.86175 |
| Next Low | 0.86185 |
| 2nd Low | 0.8614 |
| 3rd Low | 0.86113 |
0.86863 – 0.86516 – 0.86559 – 0.86185 – 0.86267 – 0.86307 —
0.86313 – 0.86279 —
33.430571880111 – 43.690603847531 —
– —
0.86863 – 1782086700
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Symmetrical Triangle Chart Pattern – – – – – – – –