EUR/GBP – 30M – SELL

Furthermore a ‘Double bottom retreat down’ chart layout is found. The formation shows ‘Double bottom retreat down’. which is a negative pattern signal. The currency pair is likely to go down.

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

A descending movement downwards to the next support at 0.85098 is expected.

Caution: A possible counter-trend in the direction of resistance at 0.85191 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Furthermore a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

0.85191 – 0.85164 – 0.85307 – 0.85098 – 0.84951 – 0.84927

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows