Sell EUR/GBP – 1H – SELL

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

A descending movement downwards to the next support at 0.85250 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.85649 should be noted.
Consider stop-loss settings accordingly.

Additionally a ‘Two Crows’ candlestick chart pattern is discovered. The candles show ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

Additionally a ‘Double top chart pattern’ chart pattern is discovered. The chart picture shows ‘Double top chart pattern’. which is a bearish pattern signal. The pair is likely to go down.

Support & Resistance Price Range*
3rd High 0.86235
2nd High 0.85830
Next High 0.85649
Current Price 0.85269
Next Low 0.85250
2nd Low 0.85189
3rd Low 0.84694

0.85649 – 0.85830 – 0.86235 – 0.85303 – 0.85385 – 0.85796

Download EUR/GBP Signal Image

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