EUR/GBP – 1H – SELL

The combination Euro/British Pound (EUR/GBP) moves from the ascending trendline down.

A bearish movement downwards to the next support level at 0.87925 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.8865 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The pair is likely to go down.

There is also a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The pair is likely to go down.

There is also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

There is also a ‘Last Engulfing Top’ chart pattern is discovered. The chart forms ‘Last Engulfing Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

0.8865 – 0.88379 – 0.88128 – 0.88119 – 0.87925 – 0.87665 —
0.88117 – 0.88138 —
46.340985448509 – 50.860961372882 —
– —
0.88650 – 1763114400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Last Engulfing Top – – – – –