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EURGBP - Price can exit from rising channel and fall to $0.8550
Euro / British Pound
Short
EURGBP - Price can exit from rising channel and fall to $0.8550
By WalterMoon
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Apr 9
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Apr 9
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊
Some time ago price declined lower support level, which coincided with support area, and started to trades in triangle.
In triangle, GBP made upward impulse to resistance line, breaking $0.8540 - $0.8570 levels and then turning around.
In a short time, price declined to resistance area and soon exited from triangle and broke $0.8570 level too.
After this, price fell to support area, after which it entered to rising channel, where GBP rose to $0.8570 level.
Also, price broke this level again and some time traded higher, but recently fell back to support line.
Now, I think British Pound can grow to resistance level and then bounce down to $0.8550, exiting from channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
EURGBP
euro
Forex
GBP
Parallel Channel
Support and Resistance
Triangle
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