The currency pair Euro/British Pound (EUR/GBP) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance at 0.87007 will persist.
Caution: A possible trend reversal in the direction of the support line at 0.86752 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘MACD crosses above signal’ indicator signal is existing. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart signal. The currency pair could go up.
And also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.
And also a ‘Three White Soldiers’ candle chart pattern is detected. The candles show ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87118 |
| 2nd High | 0.87112 |
| Next High | 0.87007 |
| Current Price | 0.86891 |
| Next Low | 0.86752 |
| 2nd Low | 0.8672 |
| 3rd Low | 0.86575 |
0.86869 – 0.86843 – 0.86552 – 0.86752 – 0.8672 – 0.86575 —
0.86810 – 0.86851 —
51.889234957 – 52.821535547695 —
0.86752 – 1774884600 —
0.86869 – 1774870200
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers – – – – – – – – –