EUR/GBP – 30M – SELLThe combination Euro/British Pound (EUR/GBP) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 0.82347 is likely expected.
Caution: A possible change in the direction of the resistance level at 0.82828 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Black Crows’ chart pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.82938 |
| 2nd High | 0.82851 |
| Next High | 0.82828 |
| Current Price | 0.82314 |
| Next Low | 0.82347 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows