EUR/GBP – 30M – BUYThe currency pair Euro/British Pound (EUR/GBP) moves from the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 0.82979 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at 0.82773 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.82923 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 0.82979 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83141 |
| 2nd High | 0.83119 |
| Next High | 0.82979 |
| Current Price | 0.82862 |
| Next Low | 0.82773 |
| 2nd Low | 0.82770 |
| 3rd Low | 0.82705 |