Sell EUR/GBP – 1H – SELL

The pair Euro/British Pound (EUR/GBP) moves from the ascending trendline downwards

A descending movement down to the next support line at is certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.82828 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Evening Star’ candle pattern is found. The candles show ‘Evening Star’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Evening Star’ going down is 72% (Bull & Bear Market).

Support & Resistance Price Range*
3rd High 0.83002
2nd High 0.82851
Next High 0.82828
Current Price 0.82379
Next Low
2nd Low
3rd Low

Download EUR/GBP Signal Image

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