The currency pair Euro/British Pound (EUR/GBP) moves from the bullish trendline down.
A descent down to the next support level at 0.86645 is certain.
Caution: A possible change in the direction of the resistance zone at 0.86938 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.87377 |
| Next High | 0.86938 |
| Current Price | 0.86783 |
| Next Low | 0.86645 |
| 2nd Low | 0.86093 |
| 3rd Low | 0.86081 |
0.86804 – 0.86481 – 0.8649 – 0.86645 – 0.86893 – 0.86093 — 59.534629378009 – 53.881151982802 — 61.521796004966 – 73.923639317628 – 60.392566997297 – 63.755913355162
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double bottom retreat down – –