EUR/GBP – 1H – SELLThe currency pair Euro/British Pound (EUR/GBP) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.86793 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair could go up.
There is also a ‘Bullish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87248 |
| 2nd High | 0.86922 |
| Next High | 0.86793 |
| Current Price | 0.86727 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.86793 – 0.86784 – 0.86729 – 0.86601 – 0.86526 – 0.86565 —
0.86842 – 0.86735 —
60.200990302585 – 48.339384204863 —
– —
0.86793 – 1768528800
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Engulfing – – – – – – – – –