EUR/GBP – 4H – SELLThe pair Euro/British Pound (EUR/GBP) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 0.86081 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.86668 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87377 |
| 2nd High | 0.86699 |
| Next High | 0.86668 |
| Current Price | 0.86657 |
| Next Low | 0.86081 |
| 2nd Low | 0.85960 |
| 3rd Low | 0.85078 |
0.86668 – 0.86699 – 0.85746 – 0.86081 – 0.85960 – 0.85078 — 63.128605034066 – 63.579054073597 — 69.524157029446 – 79.67336154504 – 58.039131253657 – 69.273068935388
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Inverse Head and Shoulder chart pattern – –