The currency pair Euro/British Pound (EUR/GBP) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support at 0.86331 will continue.
Caution: A possible change in the direction of the resistance zone at 0.86417 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair could go down.
There is also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86539 |
| 2nd High | 0.86497 |
| Next High | 0.86417 |
| Current Price | 0.86352 |
| Next Low | 0.86331 |
| 2nd Low | 0.86248 |
| 3rd Low | 0.86164 |
0.86417 – 0.86497 – 0.86376 – 0.86331 – 0.86248 – 0.86164 —
0.86392 – 0.86396 —
51.908219129507 – 53.097651483323 —
– —
0.86417 – 1773718200
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – – – – – – – – –