– EURGBP reversed from resistance zone
– Likely to fall to support level 0.8340
EURGBP currency pair recently reversed down from the resistance zone located between the key resistance level 0.8400 (former strong support from June, July and August) intersecting 20-day moving average and the 618% Fibonacci correction of the downward impulse from September.
The downward reversal from this resistance zone started the active minor impulse wave iii.
Given the strongly bearish euro sentiment seen today and the clear daily downtrend, EURGBP currency pair be expected to fall further to the next support level 0.8340.
NZDCAD: ⬆️ Buy - NZDCAD reversed from support zone - Likely to rise to resistance…
Bitcoin: ⬇️ Sell - Bitcoin reversed from resistance zone - Likely to fall to support…
EURGBP: ⬆️ Buy - EURGBP reversed from support zone - Likely to rise to resistance…
Brent Crude Oil: ⬇️ Sell - Brent Crude Oil reversed from resistance zone - Likely…
The resurgence of the political crisis in France is weighing on EURUSD The US dollar…
The crypto market faces resistance at $3.2T; sentiment rises, but selling pressure persists. Bitcoin and…
This website uses cookies