The combination Euro/British Pound (EUR/GBP) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 0.86531 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.86823 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87004 |
| 2nd High | 0.8694 |
| Next High | 0.86823 |
| Current Price | 0.86626 |
| Next Low | 0.86531 |
| 2nd Low | 0.86411 |
| 3rd Low | 0.86364 |
0.86823 – 0.86777 – 0.86776 – 0.8667 – 0.86678 – 0.86531 —
0.86603 – 0.86648 —
27.542877621835 – 48.211065678048 —
– —
0.86823 – 1777041000
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – – – – – – – – –