The currency pair Euro/British Pound (EUR/GBP) breaks through the descending trendline up.
An ascending movement up to the next resistance level at 0.87266 will persist.
Caution: A possible counter-trend in the direction of the support line at 0.8707 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.
There is also a ‘Three Outside Up’ candle pattern is detected. The candles show ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87444 |
| 2nd High | 0.87427 |
| Next High | 0.87266 |
| Current Price | 0.87264 |
| Next Low | 0.8707 |
| 2nd Low | 0.86856 |
| 3rd Low | 0.86824 |
0.87266 – 0.87427 – 0.87444 – 0.8707 – 0.87283 – 0.87272 —
0.87255 – 0.87246 —
45.272299481238 – 51.157619530491 —
– —
0.87266 – 1771984800
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Outside Up – – – – – – – – –