EUR/GBP – 30M – SELL

The pair Euro/British Pound (EUR/GBP) moves from the descending trendline downwards

A continuation of the downward movement down to the next support level at 0.86253 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 0.87007 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

0.87007 – 0.8698 – 0.87112 – 0.86253 – 0.86566 – 0.86844 —
0.86604 – 0.86659 —
40.406058365045 – 47.003687157022 —
– —
0.87007 – 1772755200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Engulfing – – – – – – – – –