Then a ‘Double top retreat up’ chart layout is discovered. The chart picture shows ‘Double top retreat up’. which is a positive signal. The pair is likely to go up.
The pair Euro/British Pound (EUR/GBP) goes from the bullish trendline down.
A bearish movement downwards to the next support at 0.86054 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.86371 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The pair is likely to go up.
Then a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86540 |
| 2nd High | 0.86400 |
| Next High | 0.86371 |
| Current Price | 0.86293 |
| Next Low | 0.86054 |
| 2nd Low | 0.85966 |
| 3rd Low | 0.85960 |
0.86371 – 0.86400 – 0.86374 – 0.86283 – 0.86054 – 0.85966 — 46.584975213473 – 53.830005546272 — 53.5588438183 – 83.19965222003 – 27.119913323626 – 53.001277680421
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Double top retreat up – –