EUR/GBP – 1H – BUYThe pair Euro/British Pound (EUR/GBP) moves from the bullish trendline down.
The bearish trend downwards to the next support at 0.83128 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.83752 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 0.834225 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 0.83752 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84184 |
| 2nd High | 0.83959 |
| Next High | 0.83752 |
| Current Price | 0.83363 |
| Next Low | 0.83128 |
| 2nd Low | 0.83093 |
| 3rd Low | 0.83061 |