EUR/GBP – 1H – SELL

The currency pair Euro/British Pound (EUR/GBP) moves from the bullish trendline down.

A bearish descent down to the next support at 0.86273 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.86487 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair is likely to rise.

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

And also a ‘Matching Low’ chart pattern is found. The chart shows ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.86487 – 0.86418 – 0.86476 – 0.86273 – 0.86227 – 0.86327 —
0.86431 – 0.86433 —
52.529099459948 – 53.777474763256 —
– —
0.86487 – 1778072400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low – – – – – – – – –