EURGBP 09 03 2021
EURGBP 09 03 2021
After the price broke through the resistance line 0.876 in mid-February, it continued to move in a downtrend. The price has been in this trend since September last year. However, after breaking through the resistance, it came to a strong support zone of 0.857. In this zone, the level and the 2015 support line intersect. The price bounced off this zone, came to resistance and came back. Now it is again at the support zone and I expect new growth. The price will bounce and rise to the resistance line 0.869. This will be our goal.
After the price broke through the resistance line 0.876 in mid-February, it continued to move in a downtrend. The price has been in this trend since September last year. However, after breaking through the resistance, it came to a strong support zone of 0.857. In this zone, the level and the 2015 support line intersect. The price bounced off this zone, came to resistance and came back. Now it is again at the support zone and I expect new growth. The price will bounce and rise to the resistance line 0.869. This will be our goal.
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