– EURGBP reversed from key support level 0.8315
– Likely to rise to resistance level 0.8375
EURGBP currency pair recently reversed up from the key support level 0.8315 (which reversed the pair multiple times in September) standing close to the lower daily Bollinger Band.
The upward reversal from the support level 0.8315 created the daily Japanese candlesticks reversal pattern Hammer Doji.
Given the strength of the support level 0.8315 and the bullish divergence on the daily Stochastic indicator, EURGBP currency pair can be expected to rise toward the next resistance level 0.8375, which reversed the pair earlier this month.
- WTI broke daily Triangle - Likely to rise to resistance level 70.90 WTI crude…
- AUDUSD reversed from resistance level 0.6270 - Likely to fall to support level 0.6200…
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
This website uses cookies