The pair Euro/British Pound (EUR/GBP) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 0.86531 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.86610 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.
Also there is a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The pair is likely to go down.
Also there is a ‘RSI Hidden Bearish Divergence’ indicator layout is existing. The indicator shows ‘RSI Hidden Bearish Divergence’. which could be a negative chart scenario. The pair is likely to go down.
Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86823 |
| 2nd High | 0.86754 |
| Next High | 0.86610 |
| Current Price | 0.86538 |
| Next Low | 0.86531 |
| 2nd Low | 0.86503 |
| 3rd Low | 0.86411 |
0.86610 – 0.86754 – 0.86706 – 0.86531 – 0.86583 – 0.86503 —
0.86610 – 0.86597 —
49.782984555061 – 51.38914380906 —
0.86610 – 1777352400 —
– 1777352400
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Symmetrical Triangle Chart Pattern – – – – – – – –