The pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline up.
An ascent upwards to the next resistance line at 0.85738 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.85456 could occur.
Consider stop-loss settings accordingly.
In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 0.85847 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.85738 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86238 |
| 2nd High | 0.86175 |
| Next High | 0.85738 |
| Current Price | 0.85634 |
| Next Low | 0.85456 |
| 2nd Low | 0.85391 |
| 3rd Low | 0.85384 |
0.85738 – 0.86175 – 0.86238 – 0.85456 – 0.85635 – 0.85654 —
0.85647 – 0.85641 —
51.669092313324 – 48.474080957753 —
– —
0.85738 – 1783006200
Trading Signals: FOREX – EUR – EUR/GBP – GBP – – – – – – – – – –