The pair Euro/British Pound (EUR/GBP) moves from the descending trendline upwards
An ascending movement upwards to the next resistance level at 0.88195 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 0.87797 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘%K crosses above %D’ indicator layout is detected. The indicator is ‘%K crosses above %D’. this is usually a bullish chart signal. The currency pair could go up.
Then a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.88396 |
| 2nd High | 0.88307 |
| Next High | 0.88195 |
| Current Price | 0.87904 |
| Next Low | 0.87797 |
| 2nd Low | 0.87665 |
| 3rd Low | 0.87617 |
0.88195 – 0.88307 – 0.88251 – 0.87797 – 0.87951 – 0.87975 —
0.88090 – 0.87914 —
49.842264522572 – 41.642976781087 —
– —
0.88195 – 1763992800
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Double bottom chart pattern – – – – – – – –