EUR/GBP – 1H – SELL

The currency pair Euro/British Pound (EUR/GBP) goes from the bullish trendline down.

A bearish descent down to the next support level at 0.82888 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.83272 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘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 success rate of a ‘Three Black Crows’ heading down is 82%.

Download EUR/GBP Signal Image

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows