EUR/GBP Weekly Analysis

There is a Triple-Down is formed. it seems it's coming back down to confirm ).86500 support. Short term Bearish or long term Bullish seems to be the way to go.


0- Monthly is Bearish candle

1- EMA, 20, 50, 200 on Weekly are all Bullish
2- Chart Pattern on Weekly is Evening Start Candle Formation
3- Stochastic "K", "D" on Weekly shows "K" line cut "D" line for Bearish move

4- EMA, 20, 50, 200 on Daily chart shows 50 & 200 holding Bullish
5- Chart Pattern on Daily chart shows uptrend has been broken and it's on Bearish move
6- Stochastic on Daily shows "K" line cut "D" line for Bearish move
7- Current Candle Formation on Daily chart is Engulfing Bearish Reversal