EUR/GBP Potential Upward Movement

EUR/GBP Long-Term Trend: Bullish

Key Resistance Levels: 0.83553, 0.83795, 0.84403

Key Support Levels: 0.82919, 0.82598, 0.82221

Daily Chart:

The price on the higher time frame has recently been in an uptrend after it tested a support level of 0.82221 and bounced back. The pair has continued momentum after testing the demand zone which suggests further 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 trendline that confirmed the short term trend shift. As of now the pair has broken and retested a minor level of 0.82919 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 0.83219

TP @ 0.83542

Stop Loss @ 0.82894

Trade Safely 🙂