The combination Euro/British Pound (EUR/GBP) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.88307 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.8865 |
| 2nd High | 0.88396 |
| Next High | 0.88307 |
| Current Price | 0.88163 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.88307 – 0.88251 – 0.88396 – 0.88128 – 0.87951 – 0.88094 —
0.88245 – 0.88225 —
60.570198775962 – 53.949755087294 —
– —
0.88307 – 1763715600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Double bottom chart pattern – – – – – – – –