The combination Euro/British Pound (EUR/GBP) breaks through the descending trendline up.
An ascending movement upwards to the next resistance level at 0.86557 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.8636 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86735 |
| 2nd High | 0.86657 |
| Next High | 0.86557 |
| Current Price | 0.86438 |
| Next Low | 0.8636 |
| 2nd Low | 0.86273 |
| 3rd Low | 0.86227 |
0.86557 – 0.86487 – 0.86418 – 0.8636 – 0.86273 – 0.86227 —
0.86483 – 0.86474 —
47.680730519066 – 43.945458190323 —
– —
0.86557 – 1778223600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – – – – – – – – –