EUR/GBP – 1H – BUYThe currency pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline upwards
An ascent upwards to the next resistance at 0.83461 will persist.
Caution: A possible trend reversal in the direction of the support line at 0.82675 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 0.83521522 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.83461 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83959 |
| 2nd High | 0.83752 |
| Next High | 0.83461 |
| Current Price | 0.83412 |
| Next Low | 0.82675 |
| 2nd Low | 0.82596 |
| 3rd Low |