EUR/GBP – 1H – BUY

The currency pair Euro/British Pound (EUR/GBP) breaks through the descending trendline up.

A bullish movement upwards to the next resistance level at 0.87383 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 0.87229 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘MACD crosses above signal’ indicator layout is detected. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart scenario. The pair is likely to go up.

Moreover a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.87383 – 0.8752 – 0.87535 – 0.87229 – 0.8718 – 0.87213 —
0.87383 – 0.87344 —
51.111453970558 – 42.127723015182 —
0.87383 – 1765256400 —
– 1765256400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – – – – – – – – –