EUR/GBP – 30M – BUYBesides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair is likely to fall.
Besides a ‘Tweezers Top’ candlestick chart pattern is found. The candles show ‘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’ going down is 56% (Bull Market) & 55% (Bear Market).
Besides a ‘Double top chart pattern’ chart pattern is found. The chart picture shows ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85312 |
| 2nd High | 0.85218 |
| Next High | 0.85181 |
| Current Price | 0.85043 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.85181 – 0.85218 – 0.85093 – 0.84955 – 0.84810 – 0.84616
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Tweezers Top