The combination Euro/British Pound (EUR/GBP) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance line at 0.87412 is expected.
Caution: A possible trend reversal in the direction of the support zone at 0.86856 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.
Then a ‘Three White Soldiers’ candle pattern is discovered. The candles show ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87455 |
| 2nd High | 0.87451 |
| Next High | 0.87412 |
| Current Price | 0.87406 |
| Next Low | 0.86856 |
| 2nd Low | 0.86824 |
| 3rd Low | 0.86724 |
0.87299 – 0.8698 – 0.86994 – 0.86856 – 0.86864 – 0.86878 —
0.87166 – 0.87311 —
67.315171553473 – 73.320593402643 —
– —
0.87299 – 1771320600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers – – – – – – – – –