EUR/GBP – 4H – SELL

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

A bearish descent down to the next support level at 0.84138 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.85641 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.

And also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

And also a ‘Matching Low’ candle chart pattern is existing. The candles form ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.85641 – 0.85460 – 0.84473 – 0.85256 – 0.84138 – 0.84066

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low