EUR/GBP – 30M – SELL

The combination Euro/British Pound (EUR/GBP) goes from the bearish trendline down.

A continuation of the downtrend down to the next support level at is expected.

Caution: A possible change in the direction of the resistance line at 0.87679 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.87453 at the Fibonacci level 1-Level. Caution: A possible change in the direction of support at 0.87679 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

0.87679 – 0.87626 – 0.87698 – 0.87474 – 0.8748 – 0.87453 —
0.87669 – 0.87617 —
64.684505120874 – 55.295896066269 —
– —
0.87679 – 1764322200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Head and Shoulder chart pattern – – – – – – – –