EUR/GBP – 30M – BUY

The pair Euro/British Pound (EUR/GBP) breaks through the descending trendline up.

A bullish movement up to the next resistance level at 0.85662 is expected.

Caution: A possible reversal of the trend in the direction of the support zone at 0.85384 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 0.85545 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.85662 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.85545 – 0.85391 – 0.85367 – 0.85384 – 0.85078 – 0.85104

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji –