EUR/GBP – 30M – BUYThe pair Euro/British Pound (EUR/GBP) breaks through the descending trendline upwards
A bullish ascent up to the next resistance at 0.83386 is expected.
Caution: A possible change in the direction of the support level at 0.83044 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.83298 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 0.83386 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83552 |
| 2nd High | 0.83512 |
| Next High | 0.83386 |
| Current Price | 0.83230 |
| Next Low | 0.83044 |
| 2nd Low | 0.83041 |
| 3rd Low | 0.82675 |