The combination Euro/British Pound (EUR/GBP) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance at 0.87112 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 0.86932 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87121 |
| 2nd High | 0.87118 |
| Next High | 0.87112 |
| Current Price | 0.86968 |
| Next Low | 0.86932 |
| 2nd Low | 0.86852 |
| 3rd Low | 0.86824 |
0.87112 – 0.87118 – 0.87121 – 0.86932 – 0.86852 – 0.86863 —
0.87052 – 0.86976 —
44.07514811182 – 43.969047397468 —
– —
0.87112 – 1772697600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – – – – – – – – –