EUR/GBP – 1H – BUYAnd also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.
And also a ‘Matching Low’ candle pattern is found. The chart forms ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
And also a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84411 |
| 2nd High | 0.84279 |
| Next High | 0.84197 |
| Current Price | 0.83726 |
| Next Low | 0.83503 |
| 2nd Low | 0.82473 |
| 3rd Low | 0.82417 |
0.84197 – 0.84279 – 0.84276 – 0.83503 – 0.83795 – 0.83976
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low