EUR/GBP – 30M – SELL

There is also a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.85262 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.85442 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart forms ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

0.85442 – 0.85288 – 0.85405 – 0.85172 – 0.85176 – 0.85127 —
0.85411 – 0.85396 —
60.298994156872 – 53.958723988717 —
– —
0.85442 – 1784044800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Engulfing – – – – – – – – –