The pair Euro/British Pound (EUR/GBP) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 0.86453 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.8636 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The pair is likely to go up.
Additionally a ‘Three White Soldiers’ chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86487 |
| 2nd High | 0.86486 |
| Next High | 0.86453 |
| Current Price | 0.86520 |
| Next Low | 0.8636 |
| 2nd Low | 0.86334 |
| 3rd Low | 0.86273 |
0.86453 – 0.86486 – 0.86487 – 0.8636 – 0.86334 – 0.86273 —
0.86464 – 0.86519 —
61.273439281011 – 63.954293183083 —
– —
0.86453 – 1778157000
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers – – – – – – – – –