EUR/GBP – 30M – BUYCorrection of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.87797 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 0.88307 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Matching Low’ candle chart pattern is discovered. The chart shows ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.8865 |
| 2nd High | 0.88396 |
| Next High | 0.88307 |
| Current Price | 0.87919 |
| Next Low | 0.87797 |
| 2nd Low | 0.87665 |
| 3rd Low | 0.87617 |
0.88307 – 0.88251 – 0.88396 – 0.87797 – 0.88128 – 0.87951 —
0.87895 – 0.87936 —
39.284927654832 – 50.819411772961 —
– —
0.88307 – 1763715600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low – – – – – – – – –