The combination Euro/British Pound (EUR/GBP) jumps from the bullish trendline up.
A continuation of the bullish trend up to the next resistance line at 0.86843 is considered certain.
Caution: A possible counter-trend in the direction of the support line at 0.8672 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘MACD crosses above signal’ indicator layout is existing. The indicator is ‘MACD crosses above signal’. which is often a bullish chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87112 |
| 2nd High | 0.87007 |
| Next High | 0.86843 |
| Current Price | 0.86844 |
| Next Low | 0.8672 |
| 2nd Low | 0.86575 |
| 3rd Low | 0.86411 |
0.86843 – 0.86552 – 0.86617 – 0.8672 – 0.86575 – 0.86411 —
0.86763 – 0.86842 —
49.74630313717 – 60.32360223098 —
– —
0.86843 – 1774846800
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Symmetrical Triangle Chart Pattern – – – – – – – –