EUR/GBP – 1H – SELLThe combination Euro/British Pound (EUR/GBP) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support line at will persist.
Caution: A possible counter-trend in the direction of resistance at 0.86867 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87323 |
| 2nd High | 0.86968 |
| Next High | 0.86867 |
| Current Price | 0.86734 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.86867 – 0.86968 – 0.87323 – 0.86653 – 0.86576 – 0.86924 —
0.86835 – 0.86854 —
51.552770385291 – 51.576776034268 —
– —
0.86867 – 1769479200
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Double bottom retreat down – – – – – – – –