EUR/GBP – 1H – BUY

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.8805657 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.8865 could happen.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Matching Low’ chart pattern is detected. The chart shows ‘Matching Low’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.88233 – 0.8865 – 0.88379 – 0.87975 – 0.87895 – 0.88119 —
0.88184 – 0.88309 —
57.937703553149 – 60.25813003732 —
– —
0.88233 – 1763478000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low – – – – –