• EURGBP reversed from support level 0,8500
• Likely to rise to resistance level 0,8600
EURGBP currency pair recently reversed up with the daily Hammer from the support level 0,8500 (which also stopped the sharp extended downward impulse wave (C) at the start of April) strengthened by the lower daily Bollinger band and support trendline of the narrow down channel from April.
The upward reversal form the support level 0,8500 stopped the previous ABC correction (2) from April.
EURGBP currency pair can be expected to rise further toward the next resistance level 0,8600 (top of the previous minor correction (iv)).
- 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
