EUR/GBP – 30M – BUY

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The currency pair is likely to rise.

Moreover a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 0.87379 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.874 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Bullish Tri-Star’ chart pattern is existing. The chart forms ‘Bullish Tri-Star’. 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 ‘Bullish Tri-Star’ heading up is 60% (Bull Market) & 55% (Bear Market).

0.874 – 0.87484 – 0.87512 – 0.87246 – 0.87379 – 0.87314 —
0.87364 – 0.87388 —
53.110958527203 – 57.240429010334 —
– —
0.874 – 1771606800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Tri-Star – Inverse Head and Shoulder chart pattern – – – – – – – –