– EURGBP reversed from resistance level 0.8585
– Likely to fall to support level 0.8500
EURGBP currency pair recently reversed down from the pivotal resistance level 0.8585 (which has been reversing the price from February).
The resistance level 0.8585 was strengthened by the upper daily Bollinger Band and by the 38.2% Fibonacci correction of the downward impulse from December.
Given clear daily downtrend and the strongly bullish sterling sentiment, EURGBP currency pair can be expected to fall further to the next strong support level 0.8500 (which has been reversing the price from last July).
This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…
Next week, several countries including Canada, the UK, and Japan will release their estimates of…
Investors have been selling off gold, with this week's drop being the largest in three…
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
This website uses cookies