EUR/GBP – 1H – BUY

The pair Euro/British Pound (EUR/GBP) breaks through the descending trendline up.

An ascent up to the next resistance at 0.86823 is expected.

Caution: A possible trend reversal in the direction of the support level at 0.86503 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘MACD-Hist Bullish Divergence’ indicator signal is existing. The indicator shows ‘MACD-Hist Bullish Divergence’. Dieses ist oftmals ein bearisches chart signal. Das Paar tendiert eventuell nach unten.

Moreover a ‘Three Outside Up’ chart pattern is found. The chart forms ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.86823 – 0.86777 – 0.86783 – 0.86503 – 0.86531 – 0.86636 —
0.86706 – 0.86599 —
52.44888265313 – 39.655360296436 —
– —
0.86823 – 1777039200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Up – – – – – – – – –