EUR/GBP – 1H – BUY

The combination Euro/British Pound (EUR/GBP) moves from the bearish trendline upwards

An ascending movement up to the next resistance at 0.83072 is considered certain.

Caution: A possible counter-trend in the direction of the support zone at 0.82720 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.82852396 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.83072 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Outside Up’ candle pattern is existing. The chart shows ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

Download EUR/GBP Signal Image

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Up