EURGBP - Price can make little correction and then bounce up
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in commentsđź‘Š
Recently price entered to falt, where it tried to rise to top part, but failed and declined to resistance area.
Then, British Pound bounced from this area, rose to top part of flat, and then made downward impulse to $0.8570 support level.
Thereby price exited from flat, breaking $0.8685 level, and later started to grow in rising channel.
In channel, GBP rose to resistance line, but soon bounced and fell to support line, making fake breakout of $0.8685 level.
At the moment, price trades near support line and I think that British Pound can make correction again.
After this, GBP bounced up from support line of rising channel to $0.8720, thereby breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price entered to falt, where it tried to rise to top part, but failed and declined to resistance area.
Then, British Pound bounced from this area, rose to top part of flat, and then made downward impulse to $0.8570 support level.
Thereby price exited from flat, breaking $0.8685 level, and later started to grow in rising channel.
In channel, GBP rose to resistance line, but soon bounced and fell to support line, making fake breakout of $0.8685 level.
At the moment, price trades near support line and I think that British Pound can make correction again.
After this, GBP bounced up from support line of rising channel to $0.8720, thereby breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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