EUR/GBP – 30M – SELLThe currency pair Euro/British Pound (EUR/GBP) jumps from the ascending trendline downwards
The bearish trend downwards to the next support at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.86481 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86707 |
| 2nd High | 0.8649 |
| Next High | 0.86481 |
| Current Price | 0.86675 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.86481 – 0.86265 – 0.8649 – 0.8635 – 0.86147 – 0.86111 — 48.347393071054 – 35.706186139346 — 47.373533143038 – 47.373533143038 – 56.955680678089 – 50.920751851889
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Double bottom retreat down – –