The combination Euro/British Pound (EUR/GBP) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support line at will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.86418 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86657 |
| 2nd High | 0.86476 |
| Next High | 0.86418 |
| Current Price | 0.86324 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.86418 – 0.86476 – 0.86446 – 0.86227 – 0.86327 – 0.8633 —
0.86360 – 0.86349 —
56.093404344005 – 51.738525539775 —
– —
0.86418 – 1777971600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – – – – – – – – –