Buy EUR/GBP – 1H – BUY

The pair Euro/British Pound (EUR/GBP) goes from the bullish trendline down.

A descent downwards to the next support level at 0.82685 will continue.

Caution: A possible counter-trend in the direction of resistance at 0.83014 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Bullish Engulfing’ chart pattern is discovered. The chart shows ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.

Support & Resistance Price Range*
3rd High 0.83314
2nd High 0.83123
Next High 0.83014
Current Price 0.82955
Next Low 0.82685
2nd Low 0.82671
3rd Low 0.82596

Download EUR/GBP Signal Image

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