EUR/GBP – 30M – BUYThe currency pair jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support at 0.83270 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.83745 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.835385 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.83745 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83851 |
| 2nd High | 0.83828 |
| Next High | 0.83745 |
| Current Price | 0.83735 |
| Next Low | 0.83270 |
| 2nd Low | 0.83249 |
| 3rd Low | 0.83193 |