The pair Euro/British Pound (EUR/GBP) moves from the bearish trendline up.
A bullish movement up to the next resistance line at 0.8721 is likely expected.
Caution: A possible change in the direction of the support level at 0.86864 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 0.87029 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 0.8721 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87412 |
| 2nd High | 0.87234 |
| Next High | 0.8721 |
| Current Price | 0.86957 |
| Next Low | 0.86864 |
| 2nd Low | 0.86824 |
| 3rd Low | 0.86724 |
0.8721 – 0.8717 – 0.87234 – 0.86864 – 0.86878 – 0.86936 —
0.86980 – 0.86974 —
45.407834465335 – 47.454117659506 —
– —
0.8721 – 1770969600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Rising Wedge Chart Pattern – – – – – – – –