The combination Euro/British Pound (EUR/GBP) moves from the descending trendline downwards
A continuation of the downtrend down to the next support line at 0.87651 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.87891 could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair could go down.
And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.88307 |
| 2nd High | 0.87983 |
| Next High | 0.87891 |
| Current Price | 0.87842 |
| Next Low | 0.87651 |
| 2nd Low | 0.87617 |
| 3rd Low | 0.87251 |
0.87891 – 0.87983 – 0.87933 – 0.87651 – 0.87861 – 0.87797 —
0.87846 – 0.87877 —
49.886343527677 – 56.914070946808 —
– —
0.87891 – 1764111600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Double top retreat up – – – – – – – –