EUR/GBP – 30M – BUYThe currency pair Euro/British Pound (EUR/GBP) moves from the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 0.83586 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 0.83093 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction 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 0.83459032 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.83586 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84184 |
| 2nd High | 0.83959 |
| Next High | 0.83586 |
| Current Price | 0.83494 |
| Next Low | 0.83093 |
| 2nd Low | 0.83061 |
| 3rd Low | 0.83048 |