The combination Euro/British Pound (EUR/GBP) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 0.8752 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 0.87266 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘%K crosses above %D’ indicator signal is discovered. The indicator is ‘%K crosses above %D’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Also there is a ‘%K crosses above %D’ indicator signal is discovered. The indicator is ‘%K crosses above %D’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Also there is a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.88012 |
| 2nd High | 0.87535 |
| Next High | 0.8752 |
| Current Price | 0.87542 |
| Next Low | 0.87266 |
| 2nd Low | 0.872 |
| 3rd Low | 0.8718 |
0.87477 – 0.87438 – 0.87506 – 0.87266 – 0.87274 – 0.87351 —
0.87460 – 0.87521 —
51.425087459094 – 64.2953080363 —
– —
0.87477 – 1765427400
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Double bottom chart pattern – – – – – – – –