EURGBP - Price can bounce to resistance line and try to break it
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊
A few days ago price some time traded near support level, which coincides with support area.
And after price declined below theirs, then bounced up, but soon fell back.
Next, price made upward impulse to next level, which coincided with resistance area, and then started to fall in falling channel.
In channel, British Pound declined below $0.8550 level, but later it made upward impulse to resistance line.
Thereby exiting from channel and breaking two levels, now price trades near resistance line in resistance area.
British Pound can bounce of support level and start to rise to resistance line, and also, probably price can break this line and continue to move up to $0.8685 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A few days ago price some time traded near support level, which coincides with support area.
And after price declined below theirs, then bounced up, but soon fell back.
Next, price made upward impulse to next level, which coincided with resistance area, and then started to fall in falling channel.
In channel, British Pound declined below $0.8550 level, but later it made upward impulse to resistance line.
Thereby exiting from channel and breaking two levels, now price trades near resistance line in resistance area.
British Pound can bounce of support level and start to rise to resistance line, and also, probably price can break this line and continue to move up to $0.8685 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️