The combination Euro/British Pound (EUR/GBP) moves from the descending trendline down.
A continuation of the bearish trend down to the next support level at 0.86236 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.86325 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86748 |
| 2nd High | 0.86734 |
| Next High | 0.86325 |
| Current Price | 0.86277 |
| Next Low | 0.86236 |
| 2nd Low | 0.86147 |
| 3rd Low | 0.86111 |
0.86325 – 0.86734 – 0.86748 – 0.86236 – 0.86409 – 0.86524 —
0.86278 – 0.86346 —
34.069830245036 – 49.494687410386 —
– —
0.86325 – 1770089400
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Double bottom chart pattern – – – – – – – –