The currency pair Euro/British Pound (EUR/GBP) goes from the bullish trendline down.
A bearish movement downwards to the next support line at 0.86576 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.87323 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87455 |
| 2nd High | 0.87451 |
| Next High | 0.87323 |
| Current Price | 0.86748 |
| Next Low | 0.86576 |
| 2nd Low | 0.86526 |
| 3rd Low | 0.86512 |
0.87323 – 0.87451 – 0.87311 – 0.86576 – 0.86924 – 0.86941 —
0.86927 – 0.86838 —
52.816304708542 – 47.397421066529 —
– —
0.87323 – 1769094000
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Rising Wedge Chart Pattern – – – – – – – –