The combination Euro/British Pound (EUR/GBP) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 0.86166 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.86403 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86735 |
| 2nd High | 0.86657 |
| Next High | 0.86403 |
| Current Price | 0.86407 |
| Next Low | 0.86166 |
| 2nd Low | 0.86143 |
| 3rd Low | 0.86113 |
0.86403 – 0.86657 – 0.86735 – 0.86166 – 0.86589 – 0.8653 —
0.86333 – 0.86425 —
48.182853933468 – 62.464683426827 —
– —
0.86403 – 1777654800
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Symmetrical Triangle Chart Pattern – – – – – – – –