– EURGBP reversed from resistance level 0.8660
– Likely to fall to support level 0.8560
EURGBP currency pair recently reversed down from the pivotal resistance level 0.8660, former support from May, which has been reversing the pair from June.
The resistance level 0.8660, was strengthened by the upper daily Bollinger Band, daily down channel from February and and by the 38.2% Fibonacci correction of the downward impulse from April.
Given the clear daily downtrend, EURGBP can be expected to fall further toward the next support level – 0.8560.
- EURCAD reversed from pivotal support level 1.4900 - Likely to rise to resistance level…
- EURUSD reversed from support level 1.1030 - Likely to rise to resistance level 1.1200…
The unwinding of the carry trade in the FX market continues, with the major safe…
Market Picture The pressure on risk assets continues, pushing the crypto market capitalisation back below…
- AUDUSD reversed from support level 0.6700 - Likely to rise to resistance level 0.6800…
- Gold reversed from support level 2475.00 - Likely to rise to resistance level 2535.00…
This website uses cookies