EUR/GBP – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 0.85456 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.85738 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

Besides a ‘Matching Low’ candle pattern is found. The chart forms ‘Matching Low’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.85738 – 0.86175 – 0.86238 – 0.85456 – 0.85635 – 0.85654 —
0.85608 – 0.85679 —
39.013259107714 – 54.18815244925 —
– —
0.85738 – 1783006200

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