EUR/GBP – 30M – BUYThe combination Euro/British Pound (EUR/GBP) breaks through the descending trendline upwards
An ascent up to the next resistance at 0.8694 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.8689 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Bullish Belt Hold’ candle chart pattern is found. The chart shows ‘Bullish Belt Hold’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87197 |
| 2nd High | 0.87004 |
| Next High | 0.8694 |
| Current Price | 0.86904 |
| Next Low | 0.8689 |
| 2nd Low | 0.86865 |
| 3rd Low | 0.86841 |
0.8694 – 0.87004 – 0.87197 – 0.8689 – 0.86934 – 0.86969 —
0.86911 – 0.86930 —
40.267470621644 – 46.862354625952 —
– —
0.8694 – 1776852000
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Belt Hold – – – – – – – – –