EUR/GBP – 1H – BUYThe pair moves from the ascending trendline downwards
A bearish descent downwards to the next support line at 0.82984 is certain.
Caution: A possible change in the direction of the resistance level at 0.84474 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 0.8412236 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance level at 0.84474 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84550 |
| 2nd High | 0.84536 |
| Next High | 0.84474 |
| Current Price | 0.83937 |
| Next Low | 0.82984 |
| 2nd Low | 0.82946 |
| 3rd Low |