Technical analysis

EURGBP Wave Analysis 23 October, 2020

EURGBP Wave Analysis 23 October, 2020

• EURGBP reversed from support level 0.9020

• Likely to rise to 0.9135

EURGBP earlier reversed up from the key support level 0.9020 (which has been reversing the price from the end of September, as can be seen below).

The support area near the support level 0.9020 is strengthened by the lower daily Bollinger Band and the 61.8% Fibonacci correction of wave (i).

EURGBP is likely to rise further toward the next resistance level 0.9135 (which reversed the price sharply earlier this month).

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