The combination Euro/British Pound (EUR/GBP) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support at will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.86861 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87085 |
| 2nd High | 0.86907 |
| Next High | 0.86861 |
| Current Price | 0.86743 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.86861 – 0.86778 – 0.86907 – 0.86707 – 0.86644 – 0.86713 —
0.86828 – 0.86762 —
53.303605770728 – 47.931069566512 —
– —
0.86861 – 1767961800
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Symmetrical Triangle Chart Pattern – – – – – – – –