EUR/GBP – 1H – SELLThe currency pair Euro/British Pound (EUR/GBP) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 0.86093 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.86490 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86716 |
| 2nd High | 0.86707 |
| Next High | 0.86490 |
| Current Price | 0.86365 |
| Next Low | 0.86093 |
| 2nd Low | 0.86081 |
| 3rd Low | 0.85960 |
0.86490 – 0.86707 – 0.86716 – 0.86093 – 0.86227 – 0.86231 — 58.415681438729 – 50.346265984792 — 25.389917039468 – 11.740331491713 – 44.910138260695 – 27.985119347715
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Two Crows – Double top chart pattern – –