EUR/GBP – 1H – BUY

The combination Euro/British Pound (EUR/GBP) goes from the bullish trendline upwards

A continuation of the bullish trend upwards to the next resistance level at 0.87338 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 0.87157 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The pair is likely to go up.

Moreover a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair could go up.

Moreover a ‘Bullish Tri-Star’ candlestick pattern is detected. The chart shows ‘Bullish Tri-Star’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Tri-Star’ going up is 60% (Bull Market) & 55% (Bear Market).

0.87338 – 0.87337 – 0.87419 – 0.87157 – 0.87118 – 0.87167 —
0.87222 – 0.87218 —
45.60990608147 – 45.842656859817 —
– —
0.87338 – 1775433600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Tri-Star – – – – – – – – –