EUR/GBP – 30M – SELL

The combination Euro/British Pound (EUR/GBP) moves from the descending trendline downwards

A continuation of the downward movement downwards to the next support at is likely expected.

Caution: A possible change in the direction of the resistance line at 0.87698 could be enabled.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.

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

0.87698 – 0.88176 – 0.87891 – 0.8748 – 0.87453 – 0.8752 —
0.87596 – 0.87605 —
52.892401691301 – 50.492395077715 —
– —
0.87698 – 1764239400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double top chart pattern – – – – – – – –