EUR/GBP – 30M – BUYThe currency pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance level at 0.86968 is expected.
Caution: A possible change in the direction of the support level at 0.86699 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The pair is likely to go up.
Besides a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 0.86983048 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance level at 0.86968 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87089 |
| 2nd High | 0.87085 |
| Next High | 0.86968 |
| Current Price | 0.86946 |
| Next Low | 0.86699 |
| 2nd Low | 0.86653 |
| 3rd Low | 0.8665 |
0.86867 – 0.86824 – 0.86968 – 0.86699 – 0.86653 – 0.86677 —
0.86918 – 0.86984 —
59.211454758902 – 59.183472431977 —
– —
0.86867 – 1769481000
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – – – – – – – – –