EUR/GBP – 30M – BUYThe combination Euro/British Pound (EUR/GBP) breaks through the descending trendline up.
The bullish trend up to the next resistance level at 0.83752 will persist.
Caution: A possible trend reversal in the direction of the support zone at 0.83467 is also possible.
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 will persist. Current target is 0.83649104 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.83752 is also possible.
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 | 0.83752 |
| Current Price | 0.83557 |
| Next Low | 0.83467 |
| 2nd Low | 0.83316 |
| 3rd Low | 0.83229 |