Sell EUR/GBP – 30M – SELL

Also there is a ‘Double bottom chart pattern’ chart layout is found. The chart picture shows ‘Double bottom chart pattern’. which is a bullish chart scenario. The pair is likely to go up.

The pair Euro/British Pound (EUR/GBP) goes from the bullish trendline downwards

A bearish trend down to the next support at 0.85770 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.86137 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Line Strike – Bullish’ candle chart pattern is found. The chart shows ‘Three Line Strike – Bullish’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Line Strike – Bullish’ going up is 83% (Bear Market).

Support & Resistance Price Range*
3rd High 0.86938
2nd High 0.86235
Next High 0.86137
Current Price 0.85994
Next Low 0.85770
2nd Low 0.85703
3rd Low 0.85567

0.85894 – 0.85969 – 0.85875 – 0.85770 – 0.85703 – 0.85567

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