EUR/GBP – 30M – BUYThe currency pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline upwards
An ascent up to the next resistance line at 0.83005 is likely expected.
Caution: A possible change in the direction of the support level at 0.82718 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bearish SBS White Lines’ candle pattern is existing. The candles form ‘Bearish SBS White Lines’. which is a negative pattern signal. 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’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83123 |
| 2nd High | 0.83014 |
| Next High | 0.83005 |
| Current Price | 0.82904 |
| Next Low | 0.82718 |
| 2nd Low | 0.82691 |
| 3rd Low | 0.82685 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish SBS White Lines