EUR/GBP – 30M – SELL

The currency pair Euro/British Pound (EUR/GBP) moves from the ascending trendline downwards

A bearish trend down to the next support line at 0.86404 is likely expected.

Caution: A possible change in the direction of the resistance zone at 0.86507 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.86403 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 0.86507 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Southern Doji’ candlestick pattern is discovered. The candles form ‘Southern Doji’. 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 likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.86507 – 0.86453 – 0.86516 – 0.86404 – 0.86405 – 0.86396 —
0.86484 – 0.86471 —
57.093644330754 – 50.663173994469 —
– —
0.86507 – 1781616600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Southern Doji – – – – – – – – –