EUR/GBP – 1H – SELL

The currency pair Euro/British Pound (EUR/GBP) jumps from the bullish trendline downwards

The bearish trend downwards to the next support at 0.82746 will persist.

Caution: A possible change in the direction of the resistance zone at 0.83240 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

Download EUR/GBP Signal Image

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows