EUR/GBP carved out a bearish candlestick pattern on Tuesday. The pair may drop to key ascending trendline support located below 0.90. EUR/GBP looks south, having carved out a bearish marubozu candle on Tuesday. A bearish marubozu candlestick comprises a big body and little or no shadows and occurs when sellers control the price action from the opening bell to the closing bell. As a result, it is considered a sign of strong bearish sentiment and often yields deeper losses, especially if it appears after a notable rally, which seems to be the case in EUR/GBP. The pair, therefore, risks falling to support the trendline rising from Feb. 18 and May 11 lows. At press time, the pair is trading in the green at 0.9073 and the ascending trendline support is located at 0.8973. The outlook would turn bullish if the pair finds acceptance above Tuesday’s high of 0.9145 in the next 24 hours. Daily chart Trend: Bearish Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next PBOC: China’s economy gradually recovering FX Street 2 years EUR/GBP carved out a bearish candlestick pattern on Tuesday. The pair may drop to key ascending trendline support located below 0.90. EUR/GBP looks south, having carved out a bearish marubozu candle on Tuesday. A bearish marubozu candlestick comprises a big body and little or no shadows and occurs when sellers control the price action from the opening bell to the closing bell. As a result, it is considered a sign of strong bearish sentiment and often yields deeper losses, especially if it appears after a notable rally, which seems to be the case in EUR/GBP. The pair, therefore, risks falling… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
