EUR/GBP – 1H – SELL

The currency pair Euro/British Pound (EUR/GBP) jumps from the descending trendline down.

A continuation of the downtrend down to the next support line at 0.86164 is likely expected.

Caution: A possible change in the direction of resistance at 0.86483 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Matching Low’ candlestick pattern is existing. The chart forms ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.86483 – 0.86504 – 0.86447 – 0.86276 – 0.86317 – 0.86164 —
0.86302 – 0.86279 —
30.432482300271 – 42.314228949104 —
– —
0.86483 – 1773914400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low – – – – – – – – –