Technical analysis

EURGBP Wave Analysis 19 January, 2021

EURGBP Wave Analysis 19 January, 2021

• EURGBP reversed from multi-month support level 0.8870

• Likely to rise to resistance level 0,9000

EURGBP recently reversed up from the powerful multi-month support level 0.8870 (former strong resistance level from April – which has reversed numerous downward corrections from June).

This support area was further strengthened by nearby lower daily Bollinger Band.

EURGBP currency pair is expected to rise further in the active impulse wave (iii) toward the next round resistance level 0,9000 .

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