The currency pair Euro/British Pound (EUR/GBP) breaks through the descending trendline up.
An ascent upwards to the next resistance at 0.86497 is likely expected.
Caution: A possible counter-trend in the direction of the support level at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The pair is likely to go up.
Then a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86567 |
| 2nd High | 0.86539 |
| Next High | 0.86497 |
| Current Price | 0.86387 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.86497 – 0.86539 – 0.86366 – 0.86164 – 0.86196 – 0.86166 —
0.86407 – 0.86389 —
48.301601993878 – 50.10572884906 —
– —
0.86497 – 1773666000
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – – – – – – – – –