Forex: EUR/GBP

in brexit •  8 years ago  (edited)

EUR/GBP continues to rise after the earlier breakout of the Uniform  Triangle chart pattern which was previously identified by Autochartist  on the hourly EUR/GBP charts. Autochartist rates the Quality of this  chart pattern at the 6-bar level – which reflects the low Initial trend  (3 брусья), high Uniformity (10 брусья) and significant Clarity (9  брусья).  Higher Uniformity and Clarity increase the visibility of this  chart pattern to the market participants. EUR/GBP is likely to rise to  the forecast price 0.8443. 

 As you can see from the daily EUR/GBP chart below, the bottom of this  Triangle formed when the pair reversed up from the strong support zone  lying between the support level 0.8220, 38.2% Fibonacci correction of  the previous upward impulse from June and the upper trendline of the  recently broken daily up channel from November.  The proximity of this  support zone heightens the probability EUR/GBP will continue to rise in  the nearest time. 


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