EUR/GBP – 30M – BUY

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

A bullish ascent up to the next resistance line at 0.85404 is likely expected.

Caution: A possible trend reversal in the direction of the support zone at 0.85175 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Bullish Engulfing’ candle pattern is found. The chart forms ‘Bullish Engulfing’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.

0.85404 – 0.85304 – 0.85548 – 0.85175 – 0.85188 – 0.85335 —
0.85216 – 0.85140 —
46.607740007225 – 35.725761910334 —
– —
0.85404 – 1783618200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Engulfing – – – – – – – – –