EUR/GBP – 30M – BUY

The currency pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline upwards

A bullish trend upwards to the next resistance at 0.87983 is certain.

Caution: A possible trend reversal in the direction of the support zone at 0.87651 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.

Furthermore a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. this is usually a bearish signal. The currency pair could go down.

Furthermore a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 0.87979 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.87983 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

0.87891 – 0.87983 – 0.87933 – 0.87651 – 0.87861 – 0.87797 —
0.87944 – 0.87985 —
52.431448362991 – 64.423026884973 —
– —
0.87891 – 1764111600

Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Double bottom retreat down – – – – – – – –