EUR/GBP – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 0.832248 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.83256 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three White Soldiers’ candlestick chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83959 |
| 2nd High | 0.83396 |
| Next High | 0.83256 |
| Current Price | 0.83049 |
| Next Low | 0.82649 |
| 2nd Low | 0.82596 |
| 3rd Low |