EURGBP Wave Analysis – 31 December, 2021

• EURGBP reversed from support level 0.8380

• Likely to rise to resistance level 0.84543

EURGBP currency pair recently reversed up from the key support level 0.8380 (previous monthly low from November).

The support zone near the support level 0.8380 was strengthened by the lower daily Bollinger Band and by the support trendline of the multi-month wide down channel from April.

EURGBP currency pair can be expected to rise further toward the next resistance level 0.84543 (former support from December).