Euro / British Pound
Long

EURGBP - Price can bounce of support line and exit from triangle

133
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊

After British Pound bounced from resistance line to $0.8800 level, price at once made upward impulse to resistance area.

Next, price declined and started trades inside from rising channel.

Also, British Pound broke $0.8870 level, left channel, and fell below to support area, but at once bounced up to resistance area.

Later, price broke support line and fell below support area, thereby starting trades inside from triangle.

Inside triangle, British Pound reached resistance line and recently broke support level and now trades close to support line.

In my mind price can bounce from support line and start to rise to $0.8840, thereby breaking resistance level and leaving triangle.

If this post is useful to you, you can support me with like/boost and advice in comments❤️

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.