EUR/GBP Potential Upward Movement

EUR/GBP Long-Term Trend: Bullish

Key Resistance Levels: 0.83505, 0.83916, 0.84195

Key Support Levels: 0.83013, 0.82658, 0.82352

Daily Chart:

The price on the higher time frame has recently tested a major support area of 0.83038 and has shown a good reaction. Price action suggests a further bullish trend continuation from here.

EUR/GBP Medium-Term Trend: Bullish

4-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke the bearish structure and formed a strong demand zone. As of now the price has retested the area before continuing the momentum.

Signal Idea:

Buy Stop Order @ 0.83183

TP @ 0.83471

Stop Loss @ 0.82895

Trade Safely 🙂