The pair Euro/British Pound (EUR/GBP) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance line at 0.84681 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.84477 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84919 |
| 2nd High | 0.84819 |
| Next High | 0.84681 |
| Current Price | 0.84747 |
| Next Low | 0.84477 |
| 2nd Low | 0.84174 |
| 3rd Low | 0.84173 |
0.84681 – 0.84308 – 0.84258 – 0.84477 – 0.84174 – 0.84173
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji