EUR/GBP – 30M – SELL

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

A continuation of the downward movement down to the next support level at is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.86765 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

0.86765 – 0.87007 – 0.8698 – 0.86253 – 0.86566 – 0.86844 —
0.86740 – 0.86651 —
58.004107301852 – 48.869643175832 —
– —
0.86765 – 1773046800

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