EUR/GBP – 30M – SELL

The combination Euro/British Pound (EUR/GBP) jumps from the descending trendline down.

A continuation of the downward movement down to the next support at 0.88128 will persist.

Caution: A possible counter-trend in the direction of resistance at 0.88251 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair could go down.

Furthermore a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. which could be a negative chart signal. The currency pair could go down.

Furthermore a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

0.88251 – 0.88396 – 0.88391 – 0.88128 – 0.87951 – 0.88094 —
0.88163 – 0.88245 —
49.391338465699 – 60.570199087174 —
– —
0.88251 – 1763672400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Double bottom retreat down – – – –