EUR/GBP – 30M – SELL

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

A continuation of the downtrend down to the next support level at is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.87383 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair could go down.

Furthermore a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The currency pair could go down.

Furthermore a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.87383 – 0.8752 – 0.87382 – 0.87229 – 0.87247 – 0.8718 —
0.87337 – 0.87356 —
28.438387216864 – 54.056547766229 —
– —
0.87383 – 1765258200

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