The combination Euro/British Pound (EUR/GBP) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 0.86164 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.86539 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86605 |
| 2nd High | 0.86567 |
| Next High | 0.86539 |
| Current Price | 0.86408 |
| Next Low | 0.86164 |
| 2nd Low | 0.86118 |
| 3rd Low | 0.86093 |
0.86539 – 0.86366 – 0.86567 – 0.86164 – 0.86196 – 0.86166 —
0.86376 – 0.86497 —
49.882898077882 – 62.399793913712 —
– —
0.86539 – 1773417600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – – – – – – – – –