EUR/GBP – 30M – BUY

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

An ascending movement up to the next resistance at 0.86368 is expected.

Caution: A possible reversal of the trend in the direction of the support line at 0.86227 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.

Additionally a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.86417236 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.86368 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

0.86368 – 0.86418 – 0.86476 – 0.86227 – 0.86327 – 0.8633 —
0.86357 – 0.86350 —
55.666831654788 – 53.672206501714 —
– —
0.86368 – 1778022000

Trading Signals: FOREX – EUR – EUR/GBP – GBP – – – – – – – – – –