EUR/GBP – 1H – BUYThe currency pair Euro/British Pound (EUR/GBP) breaks through the descending trendline up.
An ascent up to the next resistance level at 0.83240 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.82746 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.829725 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.83240 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83314 |
| 2nd High | 0.83272 |
| Next High | 0.83240 |
| Current Price | 0.82965 |
| Next Low | 0.82746 |
| 2nd Low | 0.82705 |
| 3rd Low | 0.82220 |