The combination Euro/British Pound (EUR/GBP) jumps from the descending trendline down.
A continuation of the downtrend down to the next support level at 0.86111 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.86353 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86734 |
| 2nd High | 0.8636 |
| Next High | 0.86353 |
| Current Price | 0.86126 |
| Next Low | 0.86111 |
| 2nd Low | 0.86093 |
| 3rd Low | 0.86081 |
0.86353 – 0.8636 – 0.86325 – 0.86209 – 0.86192 – 0.86228 —
0.86283 – 0.86166 —
45.48460786069 – 38.686890534887 —
– —
0.86353 – 1770150600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – – – – – – – – –