EUR/GBP – 1H – BUYThe combination Euro/British Pound (EUR/GBP) breaks through the bearish trendline up.
A bullish ascent up to the next resistance at 0.83407 will persist.
Caution: A possible reversal of the trend in the direction of support at 0.83128 should be noted.
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 will persist. Target of the current trend is 0.834225 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.83407 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83959 |
| 2nd High | 0.83752 |
| Next High | 0.83407 |
| Current Price | 0.83272 |
| Next Low | 0.83128 |
| 2nd Low | 0.83093 |
| 3rd Low | 0.83061 |