The currency pair Euro/British Pound (EUR/GBP) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance level at 0.86282 is expected.
Caution: A possible change in the direction of the support zone at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. 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 expected. Target of the current trend is 0.86443 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 0.86282 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86863 |
| 2nd High | 0.86344 |
| Next High | 0.86282 |
| Current Price | 0.86254 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.86282 – 0.86344 – 0.86863 – 0.86056 – 0.86023 – 0.86145 —
0.86305 – 0.86340 —
64.150973361497 – 50.601659109106 —
– —
0.86282 – 1782338400
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – Symmetrical Triangle Chart Pattern – – – – – – – –