EUR/GBP – 1H – BUY

The pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline upwards

A bullish movement up to the next resistance line at 0.87156 is expected.

Caution: A possible change in the direction of the support zone at 0.86699 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘MACD crosses above signal’ indicator layout is existing. The indicator is ‘MACD crosses above signal’. which is often a bullish chart signal. The currency pair is likely to rise.

In addition a ‘Three Outside Up’ candle chart pattern is found. The chart forms ‘Three Outside Up’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.87156 – 0.86867 – 0.86968 – 0.86699 – 0.86653 – 0.86576 —
0.86641 – 0.86664 —
25.439170125569 – 39.406602683711 —
– —
0.87156 – 1769551200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Up – Inverse Head and Shoulder chart pattern – – – – – – – –