EURGBP - Price can bounce from support area and continue fall
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in commentsđź‘Š
Some days ago price entered to flat, where in a short time it fell to support level, which coincided with support area.
After this, GBP made strong upward impulse to resistance area, thereby exiting from flat and later it turned around.
Price started to decline in falling channel, where it first broke $0.8700 level and fell to support line of channel.
Then price bounce continued to decline and soon reached $0.8555 support level, which recently it broke.
Next, GBP fell lower but soon backed up, and at the moment British Pound trades in support area.
Possibly, price can bounce from this area and continue to decline to $0.8450 support line of channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price entered to flat, where in a short time it fell to support level, which coincided with support area.
After this, GBP made strong upward impulse to resistance area, thereby exiting from flat and later it turned around.
Price started to decline in falling channel, where it first broke $0.8700 level and fell to support line of channel.
Then price bounce continued to decline and soon reached $0.8555 support level, which recently it broke.
Next, GBP fell lower but soon backed up, and at the moment British Pound trades in support area.
Possibly, price can bounce from this area and continue to decline to $0.8450 support line of channel.
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.