EUR/GBP – 30M – SELL

The combination Euro/British Pound (EUR/GBP) jumps from the bearish trendline downwards

A continuation of the downward movement downwards to the next support at 0.866 is considered certain.

Caution: A possible change in the direction of the resistance zone at 0.86811 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.

There is also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.86615416 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.86811 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bearish Engulfing’ candle chart pattern is detected. The chart shows ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

0.86811 – 0.86679 – 0.86737 – 0.866 – 0.86627 – 0.86569 —
0.86679 – 0.86671 —
43.774585011613 – 48.425301194922 —
– —
0.86811 – 1780061400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Engulfing – – – – – – – – –