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EUR/GBP Potential Upward Movement

EUR/GBP Long-Term Trend: Bullish

Key Resistance Levels: 0.8529, 0.8567, 0.8624

Key Support Levels: 0.8456, 0.8389, 0.8317

Daily Time-frame:

The price on the higher time frame faced rejection from the downside after a bearish trend and made a sharp reversal. The price then faced another rejection from the 0.8308 level and picked momentum. The resistance level of 0.8458 has been broken and the bullish bias looks strong.

EUR/GBP Medium-Term Trend: Bullish

1-Hour Time-frame:

On the lower time frame, the price is moving in the major trend direction. The pair first broke the resistance of 0.8385 and picked momentum. As of now, the price has had a breakout of the 0.8457 level and continuing the momentum after doing a retest.

Signal Idea:

Buy Limit Order @ 0.8485

TP 1 @ 0.8524

TP 2 @ 0.8561

Stop Loss @ 0.8447

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

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