The combination Euro/British Pound (EUR/GBP) jumps from the ascending trendline downwards
A bearish descent down to the next support line at 0.86576 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.87156 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87455 |
| 2nd High | 0.87451 |
| Next High | 0.87156 |
| Current Price | 0.86669 |
| Next Low | 0.86576 |
| 2nd Low | 0.86526 |
| 3rd Low | 0.86512 |
0.87156 – 0.87451 – 0.86922 – 0.86576 – 0.86526 – 0.86512 —
0.86964 – 0.86630 —
52.207982938387 – 39.539462799288 —
– —
0.87156 – 1769544000
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Rising Wedge Chart Pattern – – – – – – – –