EUR/GBP – 1H – BUYThe pair jumps from the ascending trendline down.
A descending movement downwards to the next support line at 0.83807 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.84224 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.83982348 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.84224 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84550 |
| 2nd High | 0.84536 |
| Next High | 0.84224 |
| Current Price | 0.83822 |
| Next Low | 0.83807 |
| 2nd Low | |
| 3rd Low |