03:13 pm (GMT +0200)EURGBP is currently trading between the support at 0.87399 and the resistance at 0.87653. Any forceful attempt to breach the swing level at 0.87653 will most likely fuel the exchange rate to proceed to higher grounds, targeting the forthcoming key levels at 0.87755 and 0.87805.
Price Action
Thursday, November 16 2023
03:13 pm (GMT +0200)
30 minutes Timeframe
If EURGBP fails to withstand the sellers' pressure, the bullish scenario will be eliminated and we foresee that a bearish outlook will be in effect.
Price Action Outlook:
Bullish
Profit Levels
Target 1
0.87755
Target 2
0.87805
Target 3
0.87907
Target 4
0.88034
Entry
0.87653
Stop Loss
0.87399
Trend Confirmation
Momentum
LWMA
MACD
Price Action
Thursday, November 16 2023
03:13 pm (GMT +0200)
30 minutes Timeframe
EURGBP is currently trading between the support at 0.87399 and the resistance at 0.87653. Any forceful attempt to breach the swing level at 0.87653 will most likely fuel the exchange rate to proceed to higher grounds, targeting the forthcoming key levels at 0.87755 and 0.87805.
If EURGBP fails to withstand the sellers' pressure, the bullish scenario will be eliminated and we foresee that a bearish outlook will be in effect.
Price Action Outlook:
Bullish
Profit Levels
Target 1
0.87755
Target 2
0.87805
Target 3
0.87907
Target 4
0.88034
Entry
0.87653
Stop Loss
0.87399
Trend Confirmation
Momentum
LWMA
MACD