EUR/GBP – 30M – BUYThe combination Euro/British Pound (EUR/GBP) breaks through the bearish trendline up.
A bullish movement up to the next resistance at 0.82943 is considered certain.
Caution: A possible change in the direction of the support zone at 0.82845 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Shooting Star’ chart pattern is existing. The chart shows ‘Shooting Star’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83281 |
| 2nd High | 0.83249 |
| Next High | 0.82943 |
| Current Price | 0.82921 |
| Next Low | 0.82845 |
| 2nd Low | 0.82795 |
| 3rd Low | 0.82753 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Shooting Star