EURGBP: Range Trading Opportunity
EUR/GBP recently tested a strong resistance zone near 0.8470, showing for a possible price reaction. The same zone pushed the price downward several times.
We have to be careful as the situation is not that stable from Trump's tariffs but it could be the case for EURGBP to respect the same pattern again. Based on historical price behavior, there is potential for the pair to move downward again.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EUR/GBP recently tested a strong resistance zone near 0.8470, showing for a possible price reaction. The same zone pushed the price downward several times.
We have to be careful as the situation is not that stable from Trump's tariffs but it could be the case for EURGBP to respect the same pattern again. Based on historical price behavior, there is potential for the pair to move downward again.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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t.me/KlejdiCuni
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youtube.com/@TradingPuzzles
Related publications
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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Related publications
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.