The pair Euro/British Pound (EUR/GBP) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.86844 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.87007 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87118 |
| 2nd High | 0.87112 |
| Next High | 0.87007 |
| Current Price | 0.86895 |
| Next Low | 0.86844 |
| 2nd Low | 0.86824 |
| 3rd Low | 0.86724 |
0.87007 – 0.8698 – 0.87112 – 0.86844 – 0.86855 – 0.86932 —
0.86944 – 0.86913 —
46.969311251528 – 47.852455866787 —
– —
0.87007 – 1772755200
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – – – – – – – – –