EUR/GBP – 1H – BUYThe currency pair breaks through the descending trendline up.
A bullish ascent upwards to the next resistance line at 0.84630 will persist.
Caution: A possible change in the direction of the support level at 0.84213 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 0.84507516 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 0.84630 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84921 |
| 2nd High | 0.84750 |
| Next High | 0.84630 |
| Current Price | 0.84406 |
| Next Low | 0.84213 |
| 2nd Low | 0.84111 |
| 3rd Low | 0.84056 |