EUR/GBP – 1H – SELL

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

A bearish movement downwards to the next support level at 0.87895 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 0.88233 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair could go up.

Moreover a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair could go up.

Moreover a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.88233 – 0.8865 – 0.88379 – 0.87895 – 0.88119 – 0.87925 —
0.88126 – 0.88093 —
40.711053790795 – 46.802451419922 —
– —
0.88233 – 1763478000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Rising Wedge Chart Pattern – – – –