EUR/GBP – 30M – SELL

The pair Euro/British Pound (EUR/GBP) goes from the ascending trendline down.

A bearish movement downwards to the next support line at 0.87002 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.87156 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

Moreover a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.8706 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.87156 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

0.87156 – 0.87122 – 0.87227 – 0.87002 – 0.86923 – 0.86893 —
0.87125 – 0.87197 —
60.679744596247 – 64.314582449625 —
– —
0.87156 – 1776677400

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