Sell EUR/GBP – 1H – SELL

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The combination Euro/British Pound (EUR/GBP) goes from the descending trendline down.

A continuation of the downtrend downwards to the next support level at 0.83670 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.83847 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

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

Then a ‘Double top chart pattern’ chart layout is existing. The chart forms ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

Then a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

Support & Resistance Price Range*
3rd High 0.84279
2nd High 0.84197
Next High 0.83847
Current Price 0.83625
Next Low 0.83670
2nd Low 0.83503
3rd Low 0.82473

0.83847 – 0.84197 – 0.84279 – 0.83670 – 0.83503 – 0.83795

Download EUR/GBP Signal Image

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