EUR/GBP – 1H – SELL

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

A bearish trend downwards to the next support at is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.86784 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.

Besides a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. 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).

0.86784 – 0.86729 – 0.86741 – 0.86526 – 0.86565 – 0.86512 —
0.86731 – 0.86793 —
55.059808688766 – 56.315417890009 —
– —
0.86784 – 1768489200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –