The combination Euro/British Pound (EUR/GBP) moves from the bullish trendline down.
A bearish movement down to the next support line at 0.86243 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.86442 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.8651 |
| 2nd High | 0.86468 |
| Next High | 0.86442 |
| Current Price | 0.86361 |
| Next Low | 0.86243 |
| 2nd Low | 0.86185 |
| 3rd Low | 0.8614 |
0.86442 – 0.8636 – 0.86354 – 0.86243 – 0.86251 – 0.8625 —
0.86453 – 0.86479 —
75.744827862869 – 63.919382933656 —
– —
0.86442 – 1781483400
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Rising Wedge Chart Pattern – – – – – – – –