The pair Euro/British Pound (EUR/GBP) moves from the ascending trendline down.
A bearish trend down to the next support at 0.8636 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.86453 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair could go down.
Also there is a ‘Collapsing Doji Star’ candle chart pattern is found. The candles show ‘Collapsing Doji Star’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86487 |
| 2nd High | 0.86486 |
| Next High | 0.86453 |
| Current Price | 0.86481 |
| Next Low | 0.8636 |
| 2nd Low | 0.86334 |
| 3rd Low | 0.86273 |
0.86453 – 0.86486 – 0.86487 – 0.8636 – 0.86334 – 0.86273 —
0.86513 – 0.86526 —
68.746880939755 – 64.620761908425 —
– —
0.86453 – 1778157000
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Collapsing Doji Star – – – – – – – – –