– 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).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies