EUR/GBP – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.84068544 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.84042 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84536 |
| 2nd High | 0.84339 |
| Next High | 0.84042 |
| Current Price | 0.83804 |
| Next Low | 0.83734 |
| 2nd Low | 0.83422 |
| 3rd Low | 0.83193 |