2023-04-29 15:32:13
FOREX MARKET ANALYTICSEURGBP - Price can bounce of support level and start to grow
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments on TradingView (link above)
A not long time ago price bounced from support area, broke $0.8760 level, and rose to resistance area.
Then British Pound started to decline inside from falling channel.
Also, in channel price tried to back up, but fell lower, to support area.
After this, price made upward impulse to resistance area again, thereby breaking $0.8820 level.
And British Pound entered to wedge and made correction below support level, but at once backed up.
As well recently price exited from wedge, fell to $0.8760 level and at the moment trades near.
I think British pound can touch this level, then bounce up and start to rise to $0.8810 level.
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