EUR/GBP – 1H – BUYThe pair Euro/British Pound (EUR/GBP) goes from the bullish trendline down.
A descent downwards to the next support level at 0.82685 will continue.
Caution: A possible counter-trend in the direction of resistance at 0.83014 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bullish Engulfing’ chart pattern is discovered. The chart shows ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83314 |
| 2nd High | 0.83123 |
| Next High | 0.83014 |
| Current Price | 0.82955 |
| Next Low | 0.82685 |
| 2nd Low | 0.82671 |
| 3rd Low | 0.82596 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Engulfing