EUR/GBP – 1H – BUY

The combination Euro/British Pound (EUR/GBP) breaks through the descending trendline up.

A bullish movement up to the next resistance line at 0.86442 is likely expected.

Caution: A possible change in the direction of support at 0.86243 is within the realm of possibility.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.

And also a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The pair is likely to go down.

And also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair could go up.

And also a ‘Bearish SBS White Lines’ candlestick chart pattern is existing. The chart shows ‘Bearish SBS White Lines’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

0.86442 – 0.86437 – 0.86335 – 0.86243 – 0.86185 – 0.86239 —
0.86422 – 0.86468 —
65.937249062745 – 49.439201758215 —
– —
0.86442 – 1781481600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish SBS White Lines – – – – – – – – –