EUR/GBP – 30M – SELLThe currency pair Euro/British Pound (EUR/GBP) goes from the descending trendline down.
A continuation of the downward movement down to the next support at 0.86644 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.86778 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.
There is also a ‘%K cross below 0.8’ indicator layout is detected. The indicator is ‘%K cross below 0.8’. which could be a negative signal. The pair is likely to go down.
There is also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
There is also a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87085 |
| 2nd High | 0.86907 |
| Next High | 0.86778 |
| Current Price | 0.86671 |
| Next Low | 0.86644 |
| 2nd Low | 0.86534 |
| 3rd Low | 0.86519 |
0.86778 – 0.86907 – 0.86782 – 0.86707 – 0.86644 – 0.86713 —
0.86829 – 0.86805 —
56.184570707607 – 43.336838118506 —
– —
0.86778 – 1767920400
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – Double top retreat up – – – – – – – –