EUR/GBP – 1H – BUYThe currency pair breaks through the descending trendline upwards
A bullish ascent up to the next resistance at 0.84525 is considered certain.
Caution: A possible counter-trend in the direction of support at 0.84196 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 0.84413 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.84525 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84630 |
| 2nd High | 0.84550 |
| Next High | 0.84525 |
| Current Price | 0.84453 |
| Next Low | 0.84196 |
| 2nd Low | 0.84111 |
| 3rd Low | 0.84056 |