EUR/GBP – 30M – SELL

The pair Euro/British Pound (EUR/GBP) goes from the descending trendline down.

A continuation of the downward movement downwards to the next support line at 0.86531 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.86823 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

0.86823 – 0.86777 – 0.86776 – 0.8667 – 0.86678 – 0.86531 —
0.86624 – 0.86634 —
29.913763506956 – 39.322325276445 —
– —
0.86823 – 1777041000

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