EURGBP: Trend resistance Opens the gate for Buyers'.
Hello traders,
EURGBP's descending trend likely to raise the price range towards trend resistance, at 0.89000. In a daily time-frame, the pair ready to hit the trend resistance, since September. If the price range manages beyond 0.8900, the 0.8930 & the 0.8960 will entertain the buyers' before moving on to the magnetic round number 0.9000. However, the 0.90300, the 0.90550 can confine the buyers Invade.
On the other hand, the pair might revisit the 0.88300 this reversal action can energize the sellers, breaking which 0.8755 can act as intermediate halt prior to extending the dip to 0.8690-85 support-zone.
Hit like, comment and follow for more updates.
Happy trading.
EURGBP's descending trend likely to raise the price range towards trend resistance, at 0.89000. In a daily time-frame, the pair ready to hit the trend resistance, since September. If the price range manages beyond 0.8900, the 0.8930 & the 0.8960 will entertain the buyers' before moving on to the magnetic round number 0.9000. However, the 0.90300, the 0.90550 can confine the buyers Invade.
On the other hand, the pair might revisit the 0.88300 this reversal action can energize the sellers, breaking which 0.8755 can act as intermediate halt prior to extending the dip to 0.8690-85 support-zone.
Hit like, comment and follow for more updates.
Happy trading.
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