The pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance level at 0.87143 is likely expected.
Caution: A possible change in the direction of the support zone at 0.86936 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
There is also a ‘Three Outside Up’ chart pattern is discovered. The chart forms ‘Three Outside Up’. which 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 ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87234 |
| 2nd High | 0.8717 |
| Next High | 0.87143 |
| Current Price | 0.87124 |
| Next Low | 0.86936 |
| 2nd Low | 0.86824 |
| 3rd Low | 0.86724 |
0.87143 – 0.8717 – 0.87234 – 0.86936 – 0.87048 – 0.86824 —
0.87072 – 0.87121 —
47.918003085031 – 56.274762460075 —
– —
0.87143 – 1770886800
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Up – – – – – – – – –