EUR/GBP – 1H – BUYThe currency pair breaks through the bearish trendline up.
An ascent upwards to the next resistance line at 0.83714 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.83213 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.836955 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.83714 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84224 |
| 2nd High | 0.83862 |
| Next High | 0.83714 |
| Current Price | 0.83535 |
| Next Low | 0.83213 |
| 2nd Low | 0.83167 |
| 3rd Low |