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EURGBP - Price can make small correction and then start rise
Euro / British Pound
Long
EURGBP - Price can make small correction and then start rise
By WalterMoon
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May 3
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May 3
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊
Recently price bounced from support level, which coincided with support area, and declined to support line of triangle.
GBP turned around and made strong upward impulse to resistance line, breaking $0.8610 and $0.8545 levels.
But then price started to decline and in a short time fell to $0.8545 level, breaking resistance level again.
Then GBP fell to support line of triangle and at once bounced up, thereby exiting from triangle pattern.
Also, price broke $0.8545 level and now it continues to rise, so, in my mind, British Pound can make correction move.
After this, price will turn around and start to move up to $0.8590 points.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
EUR
EURGBP
GBP
Trend Analysis
Triangle
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