The pair Euro/British Pound (EUR/GBP) goes from the bearish trendline down.
A continuation of the downtrend down to the next support line at 0.86524 is likely expected.
Caution: A possible change in the direction of resistance at 0.86748 could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Black Crows’ candle chart pattern is found. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87323 |
| 2nd High | 0.87156 |
| Next High | 0.86748 |
| Current Price | 0.86592 |
| Next Low | 0.86524 |
| 2nd Low | 0.86495 |
| 3rd Low | 0.86492 |
0.86748 – 0.86691 – 0.86707 – 0.86524 – 0.86495 – 0.86492 —
0.86652 – 0.86635 —
49.803359915668 – 46.835128202776 —
– —
0.86748 – 1769776200
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows – – – – – – – – –