EUR/GBP – 30M – SELL

The currency pair Euro/British Pound (EUR/GBP) moves from the bearish trendline downwards

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

Caution: A possible reversal of the trend in the direction of the resistance line at 0.86336 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.

Besides a ‘Two Crows’ chart pattern is detected. The chart forms ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.86336 – 0.86366 – 0.86567 – 0.86166 – 0.86208 – 0.8644 —
0.86284 – 0.86299 —
50.045665499333 – 53.778206429338 —
– —
0.86336 – 1773342000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Two Crows – – – – – – – – –