EUR/GBP – 1H – BUY

The currency pair Euro/British Pound (EUR/GBP) breaks through the descending trendline upwards

A bullish trend upwards to the next resistance at 0.87197 is expected.

Caution: A possible counter-trend in the direction of the support line at 0.86531 could be enabled.
Consider stop-loss settings accordingly.

There is also a ‘MACD crosses above signal’ indicator signal is existing. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.86864 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.87197 could be enabled.
Consider stop-loss settings accordingly.

0.86777 – 0.86783 – 0.87197 – 0.86531 – 0.86636 – 0.87002 —
0.86763 – 0.86741 —
53.199381953671 – 39.12239216688 —
– —
0.86777 – 1776992400

Trading Signals: FOREX – EUR – EUR/GBP – GBP – – – – – – – – – –