{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-gbp-finds-support-above-level-0-8500-targets-level-0-8850\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-gbp-finds-support-above-level-0-8500-targets-level-0-8850\/","headline":"EUR\/GBP Finds Support above Level 0.8500, Targets Level 0.8850","name":"EUR\/GBP Finds Support above Level 0.8500, Targets Level 0.8850","description":"EUR\/GBP Long-Term Analysis: BullishEUR\/GBP pair is an uptrend. The Pound is attempting to resume upward after retracing to 0.8600 support. The current uptrend is facing rejection at the recent high. A Fibonacci tool has indicated an upward movement of price. On April 14 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement. The retracement […]","datePublished":"2021-04-29","dateModified":"2021-04-29","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/04\/EURGBP-Cryptosignal.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/04\/EURGBP-Cryptosignal.png","height":603,"width":911},"url":"https:\/\/forexschoolonline.com\/eur-gbp-finds-support-above-level-0-8500-targets-level-0-8850\/","about":["Price Action Charts in Focus","Trade Idea"],"wordCount":209,"keywords":["EUR\/JPY","Price Analysis"],"articleBody":"EUR\/GBP Long-Term Analysis: BullishEUR\/GBP pair is an uptrend. The Pound is attempting to resume upward after retracing to 0.8600 support. The current uptrend is facing rejection at the recent high. A Fibonacci tool has indicated an upward movement of price. On April 14 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement. The retracement indicates that the pair will rise to level 1.618 Fibonacci extension or level 0.8851.EUR\/GBP Indicator Analysis The market is at level 58 of the Relative Strength Index period 14. It indicates that the Pound is in the uptrend zone above the centerline. The Pound is capable of rising on the upside. The 21-day and 50-day SMAs are sloping downward but are making a U-turn.EUR\/GBP – Daily ChartTechnical indicators: Major Resistance Levels \u2013 0.9200, 0.9300, 0.9400Major Support Levels \u2013 0.8500, 0.8400, 0.8300What Is the Next Direction for EUR\/GBP)? The Pound is attempting to resume upward if the current support at level 0.8500 holds. However, if the price retraces and breaks below $0.8500 support, the downtrend will resume. The Fibonacci tool has indicated a possible move to level 0.8850.EUR\/GBP – 4 Hour CHartNote: Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results"}