EUR/GBP – 1H – SELL

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

A descent down to the next support level at is expected.

Caution: A possible counter-trend in the direction of resistance at 0.87723 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair is likely to fall.

Besides a ‘%K crosses below %D’ indicator signal is existing. The indicator is ‘%K crosses below %D’. this is usually a bearish signal. The currency pair is likely to fall.

Besides a ‘Three Outside Down’ chart pattern is found. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.87723 – 0.87698 – 0.88176 – 0.87474 – 0.87453 – 0.87651 —
0.87666 – 0.87695 —
55.210838291164 – 56.636367623964 —
– —
0.87723 – 1764349200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –