Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in commentsđź‘Š
Some time ago price made downward impulse from resistance level to $0.8555 level, which coincided with support area.
Later GBP started to rise near support line and rose back to $0.8700 level, but then price turned around.
After this, price entered to falling channel, where it soon broke support line and declined to support line of channel.
Then GBP declined lower than $0.8555 level, but in a short time later price turned around and bounced up to this level.
Also, price exited from channel and soon broke $0.8555 level, where now it continues to trades near.
In my mind, British Pound can make correction to support area and then continue to grow to $0.8620
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price made downward impulse from resistance level to $0.8555 level, which coincided with support area.
Later GBP started to rise near support line and rose back to $0.8700 level, but then price turned around.
After this, price entered to falling channel, where it soon broke support line and declined to support line of channel.
Then GBP declined lower than $0.8555 level, but in a short time later price turned around and bounced up to this level.
Also, price exited from channel and soon broke $0.8555 level, where now it continues to trades near.
In my mind, British Pound can make correction to support area and then continue to grow to $0.8620
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
đź’Ž ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
đź’Ž ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
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.