EUR/GBP – 1H – BUY

The combination Euro/British Pound (EUR/GBP) jumps from the ascending trendline down.

A descending movement down to the next support level at 0.84898 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 0.85380 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The pair is likely to go up.

Also there is a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.

0.85102 – 0.85380 – 0.85116 – 0.84898 – 0.84795 – 0.84950

Download EUR/GBP Signal Image

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji