EUR/GBP – 30M – BUYThe pair Euro/British Pound (EUR/GBP) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 0.83835 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 0.83491 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Current target is 0.83691 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.83835 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83898 |
| 2nd High | 0.83847 |
| Next High | 0.83835 |
| Current Price | 0.83764 |
| Next Low | 0.83491 |
| 2nd Low | 0.83151 |
| 3rd Low | 0.82498 |
0.83691 – 0.83410 – 0.83448 – 0.83491 – 0.83557 – 0.83151