EUR/GBP – 30M – SELL

The pair Euro/British Pound (EUR/GBP) moves from the bullish trendline down.

A bearish trend downwards to the next support at 0.86421 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 0.86556 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

There is also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘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. Current target is 0.864145 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.86556 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

0.86556 – 0.86453 – 0.86486 – 0.86421 – 0.8636 – 0.86334 —
0.86527 – 0.86474 —
54.645071080139 – 39.616019837432 —
– —
0.86556 – 1778203800

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