• EURGBP reversed from support area
• Likely to reach resistance level 0.8650
EURGBP recently reversed up from the support area surrounding the strong support level 0.8550 (which reversed the price with the daily Hammer at the end of February).
The support zone near the support level 0.8550 was strengthened by the lower daily Bollinger Band.
Given the strength of the support level 0.8550 and the bullish divergence on the daily Stochastic indicator EURGBP is likely to rise further toward the next resistance level 0.8650.
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies