The combination Euro/British Pound (EUR/GBP) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 0.86317 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.86447 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.
Furthermore a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86539 |
| 2nd High | 0.86497 |
| Next High | 0.86447 |
| Current Price | 0.86370 |
| Next Low | 0.86317 |
| 2nd Low | 0.86248 |
| 3rd Low | 0.86164 |
0.86447 – 0.86417 – 0.86497 – 0.86317 – 0.86331 – 0.86248 —
0.86404 – 0.86410 —
52.861692527979 – 54.658315151529 —
– —
0.86447 – 1773763200
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – – – – – – – – –