EUR/GBP Potential Upward Movement

EUR/GBP Long-Term Trend: Bullish

Key Resistance Levels: 0.8873, 0.8913, 0.8969

Key Support Levels: 0.8814, 0.8772, 0.8737

Daily Chart:

The price on the higher time frame was in an uptrend and has shown good bullish momentum. Recently the pair was consolidating and then it broke the upper level of 0.8709 which shows signs of trend continuation.

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 broke a resistance level of 0.8772 recently and has sustained above that. As of now the pair has broken and retested a minor level of 0.8814 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 0.8833

TP @ 0.8867

Stop Loss @ 0.8799

Trade Safely 🙂