EUR/GBP – 1H – BUYThe currency pair breaks through the descending trendline upwards
A bullish movement upwards to the next resistance at 0.84525 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 0.84179 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.84533486 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of resistance at 0.84525 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84630 |
| 2nd High | 0.84550 |
| Next High | 0.84525 |
| Current Price | 0.84466 |
| Next Low | 0.84179 |
| 2nd Low | 0.84111 |
| 3rd Low | 0.84056 |