EUR/GBP – 30M – SELL

Furthermore a ‘Double bottom retreat down’ chart formation is detected. The chart picture forms ‘Double bottom retreat down’. this is a bearish signal. The pair is likely to go down.

The currency pair Euro/British Pound (EUR/GBP) moves from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at will persist.

Caution: A possible counter-trend in the direction of the resistance level at 0.85574 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The pair is likely to go down.

Furthermore a ‘Three Outside Down’ candle pattern is existing. The chart shows ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.85574 – 0.85596 – 0.85641 – 0.85311 – 0.85454 – 0.85410

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down