EUR/GBP – 1H – SELLThe combination Euro/British Pound (EUR/GBP) jumps from the ascending trendline downwards
A bearish descent down to the next support line at 0.85311 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.85641 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85830 |
| 2nd High | 0.85649 |
| Next High | 0.85641 |
| Current Price | 0.85612 |
| Next Low | 0.85311 |
| 2nd Low | 0.84927 |
| 3rd Low | 0.84644 |
0.85641 – 0.85593 – 0.85312 – 0.85311 – 0.85454 – 0.85410