EUR/GBP – 1H – BUYThe pair Euro/British Pound (EUR/GBP) moves from the bullish trendline up.
A continuation of the uptrend upwards to the next resistance level at 0.83451 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 0.83048 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three White Soldiers’ candle chart pattern is detected. The candles show ‘Three White Soldiers’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84184 |
| 2nd High | 0.83959 |
| Next High | 0.83451 |
| Current Price | 0.83191 |
| Next Low | 0.83048 |
| 2nd Low | 0.82754 |
| 3rd Low | 0.82596 |