EUR/GBP – 30M – BUYThe combination Euro/British Pound (EUR/GBP) breaks through the bearish trendline up.
An ascent upwards to the next resistance line at 0.85093 is expected.
Caution: A possible trend reversal in the direction of the support zone at could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair is likely to rise.
In addition a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. which 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85312 |
| 2nd High | 0.85199 |
| Next High | 0.85093 |
| Current Price | 0.85098 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.85093 – 0.85199 – 0.85312 – 0.84810 – 0.84616 – 0.85021
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji