EUR/GBP – 1H – BUY

The pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline up.

A bullish ascent upwards to the next resistance line at 0.86792 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 0.86303 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The pair is likely to go up.

Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.

Moreover a ‘Inverted Hammer’ chart pattern is discovered. The chart shows ‘Inverted Hammer’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Inverted Hammer’ heading up is 65% (Bull Market).

0.86792 – 0.86483 – 0.86504 – 0.86303 – 0.86143 – 0.86113 —
0.86571 – 0.86464 —
44.795404497026 – 44.180741860861 —
– —
0.86792 – 1774227600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Inverted Hammer – – – – – – – – –