EUR/GBP – 30M – SELLThe currency pair Euro/British Pound (EUR/GBP) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 0.82753 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.83249 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Tweezers Top’ candlestick pattern is detected. The candles form ‘Tweezers Top’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83314 |
| 2nd High | 0.83281 |
| Next High | 0.83249 |
| Current Price | 0.82919 |
| Next Low | 0.82753 |
| 2nd Low | 0.82636 |
| 3rd Low | 0.82625 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Tweezers Top