– 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).
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