EUR/GBP – 1H – BUYAdditionally a ‘Tweezers Top’ chart pattern is discovered. The chart shows ‘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 likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
Additionally a ‘Double top chart pattern’ chart layout is discovered. The formation shows ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85404 |
| 2nd High | 0.85218 |
| Next High | 0.84919 |
| Current Price | 0.84538 |
| Next Low | 0.83224 |
| 2nd Low | 0.83151 |
| 3rd Low | 0.82473 |
0.84919 – 0.85218 – 0.85218 – 0.84581 – 0.84955 – 0.84616
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Tweezers Top