EUR/GBP – 30M – BUYThe currency pair goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 0.83213 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.83445 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.834635 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 0.83445 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83598 |
| 2nd High | 0.83579 |
| Next High | 0.83445 |
| Current Price | 0.83418 |
| Next Low | 0.83213 |
| 2nd Low | 0.83168 |
| 3rd Low | 0.83167 |