This is a reversal of the price action on the previous hour, in which price moved up.
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
This is the 2nd straight hour eurgbp has seen its price head up.
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up.
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time.
Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
For additional context, note that price has gone up 16 out of the past 30 days.
Price action traders may also wish to note that we see a pin bar candlestick pattern on eurgbp.
This imputes a buy/sell ratio of 0.86, which is neutral.
The closest is the 50 day average, which is 12.1 pips away.