EUR/GBP – 1H – BUYThe combination breaks through the bearish trendline upwards
A bullish trend up to the next resistance at 0.83598 is considered certain.
Caution: A possible trend reversal in the direction of support at 0.83123 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 0.83297404 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 0.83598 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83862 |
| 2nd High | 0.83714 |
| Next High | 0.83598 |
| Current Price | 0.83349 |
| Next Low | 0.83123 |
| 2nd Low | |
| 3rd Low |