EUR/GBP – 1H – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 0.83249 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.83399 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83497 |
| 2nd High | 0.83428 |
| Next High | 0.83399 |
| Current Price | 0.83137 |
| Next Low | 0.82984 |
| 2nd Low | 0.82946 |
| 3rd Low |