EUR/GBP – 1H – SELL

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

A continuation of the downward movement downwards to the next support at 0.87116 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.87402 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

And also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

And also a ‘Two Crows’ candle pattern is discovered. The candles form ‘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 success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.87402 – 0.87266 – 0.87338 – 0.87116 – 0.87157 – 0.87118 —
0.87402 – 0.87248 —
66.817344360483 – 49.920513514426 —
0.87402 – 1775584800 —
– 1775584800

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