The currency pair Euro/British Pound (EUR/GBP) moves from the ascending trendline up.
A continuation of the bullish trend up to the next resistance line at 0.87491 is likely expected.
Caution: A possible trend reversal in the direction of the support level at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair could go up.
Additionally a ‘MACD crosses above signal’ indicator signal is discovered. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87733 |
| 2nd High | 0.87512 |
| Next High | 0.87491 |
| Current Price | 0.87420 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.87491 – 0.87512 – 0.87487 – 0.87246 – 0.87164 – 0.86856 —
0.87440 – 0.87401 —
47.401999072163 – 52.976336481095 —
– —
0.87491 – 1771808400
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Double top retreat up – – – – – – – –