EUR/GBP – 1H – BUYThe combination goes from the bullish trendline down.
The bearish trend downwards to the next support line at 0.83734 will continue.
Caution: A possible change in the direction of the resistance line at 0.84042 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.84068544 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 0.84042 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84536 |
| 2nd High | 0.84339 |
| Next High | 0.84042 |
| Current Price | 0.83850 |
| Next Low | 0.83734 |
| 2nd Low | 0.83422 |
| 3rd Low | 0.83193 |