EUR/GBP – 30M – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

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

A bearish descent downwards to the next support level at 0.87191 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.87337 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

There is also a ‘Bearish Engulfing’ candle pattern is found. The chart shows ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

0.87337 – 0.87267 – 0.87419 – 0.87191 – 0.87015 – 0.86757 —
0.87250 – 0.87252 —
49.290934649942 – 51.085087044618 —
– —
0.87337 – 1775136600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –