EUR/GBP – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

The currency pair Euro/British Pound (EUR/GBP) moves from the ascending trendline downwards

A descending movement downwards to the next support at 0.8636 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.86557 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Additionally 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 is likely to fall.

Additionally a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.86392 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.86557 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

0.86557 – 0.86487 – 0.86418 – 0.8636 – 0.86273 – 0.86227 —
0.86505 – 0.86492 —
47.633040200325 – 52.486182889179 —
– —
0.86557 – 1778223600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Rising Wedge Chart Pattern – – – – – – – –