EUR/GBP – 30M – BUYMoreover a ‘Double bottom chart pattern’ chart formation is discovered. The chart picture shows ‘Double bottom chart pattern’. which is a positive pattern signal. The currency pair is likely to go up.
The pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline upwards
A bullish trend up to the next resistance line at 0.86536 is considered certain.
Caution: A possible trend reversal in the direction of the support level at could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The currency pair is likely to rise.
Moreover a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86643 |
| 2nd High | 0.86543 |
| Next High | 0.86536 |
| Current Price | 0.86576 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.86536 – 0.86543 – 0.86643 – 0.86439 – 0.86347 – 0.86384 — 50.140057292668 – 56.460434219437 — 19.308723514055 – 13.313149801166 – 36.357460095439 – 20.725403130793
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double bottom chart pattern – –