EUR/GBP – 30M – BUYThe combination moves from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 0.83189 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.83357 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.83487554 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of resistance at 0.83357 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83673 |
| 2nd High | 0.83635 |
| Next High | 0.83357 |
| Current Price | 0.83333 |
| Next Low | 0.83189 |
| 2nd Low | 0.82946 |
| 3rd Low |