The pair Euro/British Pound (EUR/GBP) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance at 0.85252 is likely expected.
Caution: A possible change in the direction of the support level at 0.85082 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair could go up.
There is also a ‘MACD Bullish Divergence’ indicator layout is detected. The indicator shows ‘MACD Bullish Divergence’. which is often a bullish chart scenario. The currency pair could go up.
There is also a ‘MACD-Hist Bullish Divergence’ indicator layout is detected. The indicator shows ‘MACD-Hist Bullish Divergence’. which is often a bullish chart scenario. The currency pair could go up.
There is also a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.
There is also a ‘Three White Soldiers’ candle pattern is found. The candles form ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85548 |
| 2nd High | 0.85404 |
| Next High | 0.85252 |
| Current Price | 0.85234 |
| Next Low | 0.85082 |
| 2nd Low | 0.85078 |
| 3rd Low | 0.84951 |
0.85252 – 0.85404 – 0.85304 – 0.85082 – 0.85175 – 0.85188 —
0.85162 – 0.85204 —
35.108262569735 – 50.617474444611 —
– —
0.85252 – 1783683000
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers – – – – – – – – –