The combination Euro/British Pound (EUR/GBP) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance line at 0.88307 is likely expected.
Caution: A possible counter-trend in the direction of the support level at could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair could go up.
There is also a ‘%K crosses above %D’ indicator signal is existing. The indicator shows ‘%K crosses above %D’. which could be a positive chart signal. The currency pair could go up.
There is also a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.8865 |
| 2nd High | 0.88396 |
| Next High | 0.88307 |
| Current Price | 0.88095 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.88307 – 0.88251 – 0.88396 – 0.87797 – 0.88128 – 0.87951 —
0.88085 – 0.88076 —
74.130940158361 – 46.90622118232 —
– —
0.88307 – 1763715600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –