EUR/GBP – 1H – BUYThe currency pair goes from the bearish trendline down.
A continuation of the downtrend down to the next support level at 0.83105 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.83598 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.834835 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.83598 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83862 |
| 2nd High | 0.83714 |
| Next High | 0.83598 |
| Current Price | 0.83341 |
| Next Low | 0.83105 |
| 2nd Low | |
| 3rd Low |