Sell EUR/GBP – 1H – SELL

The combination Euro/British Pound (EUR/GBP) moves from the bearish trendline down.

A continuation of the downtrend downwards to the next support level at 0.83224 is likely expected.

Caution: A possible change in the direction of the resistance zone at 0.84182 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

Furthermore a ‘Double top chart pattern’ chart layout is detected. The chart picture forms ‘Double top chart pattern’. which is a bearish pattern signal. The pair is likely to go down.

Furthermore a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Support & Resistance Price Range*
3rd High 0.84588
2nd High 0.84489
Next High 0.84182
Current Price 0.83979
Next Low 0.83224
2nd Low 0.83151
3rd Low 0.82473

0.84182 – 0.84489 – 0.84588 – 0.83970 – 0.84048 – 0.83933

Download EUR/GBP Signal Image

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