The combination Euro/British Pound (EUR/GBP) goes from the ascending trendline downwards
A bearish descent downwards to the next support level at 0.87895 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.8865 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The pair is likely to go up.
And also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.8865 |
| Current Price | 0.88156 |
| Next Low | 0.87895 |
| 2nd Low | 0.87665 |
| 3rd Low | 0.87617 |
0.8865 – 0.88379 – 0.88128 – 0.87895 – 0.88119 – 0.87925 —
0.88173 – 0.88171 —
48.918842627095 – 53.486501696778 —
– —
0.88650 – 1763114400
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Symmetrical Triangle Chart Pattern – – – –