EUR/GBP – 30M – BUYIn addition a ‘Double bottom retreat down’ chart layout is found. The formation shows ‘Double bottom retreat down’. which is a bearish chart scenario. The currency pair is likely to fall.
The pair Euro/British Pound (EUR/GBP) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance line at 0.85312 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.85099 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85472 |
| 2nd High | 0.85460 |
| Next High | 0.85312 |
| Current Price | 0.85395 |
| Next Low | 0.85099 |
| 2nd Low | 0.85098 |
| 3rd Low | 0.84951 |
0.85312 – 0.85191 – 0.85164 – 0.85099 – 0.85098 – 0.84951