EUR/GBP Possible Correction Up
#trading_idea #EURGBP 💡
#EURGBP - Possible Correction Up
On the hourly chart, it's evident that the price has strongly bounced off the support level at 0.8531. According to the Heikin-Ashi candles, a reversal towards an upward correction seems likely. The MACD also suggests a potential upward correction.
🔼We may see a break of the 0.8543 resistance, with a possible further rise to resistance 0.8551.
🔽Otherwise, a slide back to the support at 0.8531 is likely. In case the pair will break down this level we may see the level 0.8519.
🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.
#EURGBP - Possible Correction Up
On the hourly chart, it's evident that the price has strongly bounced off the support level at 0.8531. According to the Heikin-Ashi candles, a reversal towards an upward correction seems likely. The MACD also suggests a potential upward correction.
🔼We may see a break of the 0.8543 resistance, with a possible further rise to resistance 0.8551.
🔽Otherwise, a slide back to the support at 0.8531 is likely. In case the pair will break down this level we may see the level 0.8519.
🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.
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