EUR/GBP – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.833545 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.83375 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83581 |
| 2nd High | 0.83407 |
| Next High | 0.83375 |
| Current Price | 0.83253 |
| Next Low | 0.83134 |
| 2nd Low | 0.83128 |
| 3rd Low | 0.83093 |