EUR/GBP – 30M – BUYThe combination Euro/British Pound (EUR/GBP) breaks through the descending trendline upwards
A bullish ascent up to the next resistance level at 0.86265 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.86111 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair is likely to rise.
Additionally a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86707 |
| 2nd High | 0.86490 |
| Next High | 0.86265 |
| Current Price | 0.86271 |
| Next Low | 0.86111 |
| 2nd Low | 0.86093 |
| 3rd Low | 0.86081 |
0.86265 – 0.86490 – 0.86455 – 0.86111 – 0.86093 – 0.86167 — 56.080567132544 – 62.737535492521 — 89.667412233784 – 92.782586145418 – 93.440630166294 – 92.073216851978
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Double top retreat up – –