EUR/GBP Potential Upward Movement

EUR/GBP Long-Term Trend: Bullish

Key Resistance Levels: 0.8835, 0.8878, 0.8928

Key Support Levels: 0.8770, 0.8732, 0.8695

Daily Chart:

The price on the higher time frame has been in an uptrend for some time after it bounced back from a support level of 0.8405 and showed good momentum. The pair has found support at another level of 0.8570 and continues the momentum after testing that level.   

EUR/GBP Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It consolidated for some time after a bullish run between a range of 0.8695 and 0.8732 and has broken the upper range. As of now the pair has broken and retested another level of 0.8770 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 0.8793

TP 1 @ 0.8831

TP 2 @ 0.8888

Stop Loss @ 0.8755

Trade Safely 🙂