EUR/GBP – 30M – BUYThe currency pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline upwards
A bullish movement up to the next resistance at 0.82851 is expected.
Caution: A possible counter-trend in the direction of the support line at 0.82687 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.828325 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.82851 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83002 |
| 2nd High | 0.82938 |
| Next High | 0.82851 |
| Current Price | 0.82777 |
| Next Low | 0.82687 |
| 2nd Low | 0.82663 |
| 3rd Low | 0.82649 |