EUR/GBP – 1H – SELLThe combination Euro/British Pound (EUR/GBP) goes from the descending trendline down.
A continuation of the downtrend down to the next support line at is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.86164 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87377 |
| 2nd High | 0.86938 |
| Next High | 0.86164 |
| Current Price | 0.85728 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.86164 – 0.86938 – 0.87377 – 0.85541 – 0.85250 – 0.86330