EUR/GBP – 1H – SELL

The pair Euro/British Pound (EUR/GBP) moves from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 0.86932 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.87118 could be enabled.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.

Then a ‘StochOSC Hidden Bearish Divergence’ indicator signal is existing. The indicator is ‘StochOSC Hidden Bearish Divergence’. which is often a bearish signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.86852 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 0.87118 could be enabled.
Consider stop-loss settings accordingly.

0.87118 – 0.87121 – 0.87389 – 0.86932 – 0.86852 – 0.86863 —
0.86991 – 0.87081 —
44.998228790433 – 55.443833390381 —
0.86932 – 1772668800 —
0.87118 – 1772650800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Rising Wedge Chart Pattern – – – – – – – –