Price Action

Thursday, November 16 2023
EUR/GBP
03:13 pm (GMT +0200)
30 minutes Timeframe

EURGBP is currently trading between the support at 0.87399 and the resistance at 0.87653.  A forceful attempt to breach the swing level at 0.87653 will trigger a buy signal with immediate take-profit targets at 0.87755 and 0.87805.  A protective stop loss at 0.87399 is highly recommended.

Should the pair manage to breach below the support at 0.87399, it will eliminate the bullish scenario, generating a sell signal.

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
0.87755

direction
Target 2
0.87805

direction
Target 3
0.87907

direction
Target 4
0.88034

entry
Entry
0.87653
entry
Stop Loss
0.87399

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction

Price Action

Thursday, November 16 2023
EUR/GBP
03:13 pm (GMT +0200)
30 minutes Timeframe

EURGBP is currently trading between the support at 0.87399 and the resistance at 0.87653.  A forceful attempt to breach the swing level at 0.87653 will trigger a buy signal with immediate take-profit targets at 0.87755 and 0.87805.  A protective stop loss at 0.87399 is highly recommended.

Should the pair manage to breach below the support at 0.87399, it will eliminate the bullish scenario, generating a sell signal.

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
0.87755

direction
Target 2
0.87805

direction
Target 3
0.87907

direction
Target 4
0.88034

entry
Entry
0.87653
entry
Stop Loss
0.87399

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction