The combination Euro/British Pound (EUR/GBP) breaks through the descending trendline up.
A bullish trend up to the next resistance level at 0.86692 will persist.
Caution: A possible change in the direction of the support level at 0.86485 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘StochRSI Hidden Bullish Divergence’ indicator signal is found. The indicator shows ‘StochRSI Hidden Bullish Divergence’. Dieses ist oftmals ein bearisches signal. Das Paar tendiert eventuell nach unten.
There is also a ‘Three White Soldiers’ candle chart pattern is existing. The candles form ‘Three White Soldiers’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87323 |
| 2nd High | 0.87156 |
| Next High | 0.86692 |
| Current Price | 0.86608 |
| Next Low | 0.86485 |
| 2nd Low | 0.86437 |
| 3rd Low | 0.86347 |
0.86692 – 0.87156 – 0.86867 – 0.86485 – 0.86814 – 0.8679 —
0.86638 – 0.86617 —
39.698573998476 – 44.608727075574 —
– —
0.86692 – 1769661000
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers – Inverse Head and Shoulder chart pattern – – – – – – – –