EUR/GBP – 1H – BUY

The combination Euro/British Pound (EUR/GBP) breaks through the bearish trendline upwards

An ascending movement upwards to the next resistance at 0.86692 is expected.

Caution: A possible change in the direction of the support line at 0.86492 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 0.868205 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 0.86692 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

0.86692 – 0.87156 – 0.86867 – 0.86492 – 0.86485 – 0.86699 —
0.86600 – 0.86682 —
39.58806707051 – 50.102624385427 —
– —
0.86692 – 1769659200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Double top retreat up – – – – – – – –