EUR/GBP – 1H – BUYThe currency pair Euro/British Pound (EUR/GBP) moves from the bearish trendline upwards
The bullish trend up to the next resistance line at 0.83386 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.83230 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.83413788 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.83386 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83642 |
| 2nd High | 0.83552 |
| Next High | 0.83386 |
| Current Price | 0.83261 |
| Next Low | 0.83230 |
| 2nd Low | 0.83088 |
| 3rd Low | 0.82675 |