EUR/GBP – 1H – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.83372 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 0.83461 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83828 |
| 2nd High | 0.83798 |
| Next High | 0.83461 |
| Current Price | 0.83191 |
| Next Low | 0.83137 |
| 2nd Low | 0.82946 |
| 3rd Low |