EUR/GBP – 1H – BUYThe pair Euro/British Pound (EUR/GBP) breaks through the descending trendline up.
A bullish trend upwards to the next resistance line at 0.83959 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 0.83229 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 0.83586 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.83959 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84474 |
| 2nd High | 0.84184 |
| Next High | 0.83959 |
| Current Price | 0.83701 |
| Next Low | 0.83229 |
| 2nd Low | 0.83093 |
| 3rd Low | 0.83061 |