Market Snapshots

EURGBP Wave Analysis – 3 September, 2020

EURGBP Wave Analysis – 3 September, 2020

• EURGBP reversed from support level 0.8860

• Likely to rise to 0.8945

EURGBP recently reversed up from the support level 0.8860 (former monthly low from the start of June).

The support zone near the support level 0.8860 was strengthened by the lower daily Bollinger Band and by the 61,8% Fibonacci correction of the previous upward impulse 1 from April.

EURGBP is likely to rise further toward the next resistance level 0.8945 (former support from the start of July and the end of August).

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