EURGBP after made a top around 0.92 was in a downtrend.
Recently the price took support from horizontal zone and price making higher highs and higher lows with in bullish parallel channel.
Now price is trading near the upper boundary of channel. The price may face a horizontal resistance too.
The bears will be active near the resistance zone.
Manage your trades accordingly.
Recently the price took support from horizontal zone and price making higher highs and higher lows with in bullish parallel channel.
Now price is trading near the upper boundary of channel. The price may face a horizontal resistance too.
The bears will be active near the resistance zone.
Manage your trades accordingly.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.