EUR/GBP – 1H – SELL

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

A continuation of the downtrend down to the next support line at 0.86844 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.87007 is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is a ‘Bearish Engulfing’ candle chart pattern is found. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

0.87007 – 0.87112 – 0.87118 – 0.86844 – 0.86932 – 0.86852 —
0.86910 – 0.86872 —
43.479931337466 – 34.646163811287 —
– —
0.87007 – 1772755200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Engulfing – – – – – – – – –