EURGBP is currently in downtrend. It gave us a double bottom reversal pattern indicated with the red arrows. The EURGBP is currently in at a very strong resistance zone where it recently broke and failed to stay above it. If the EURGBP breaks the 0.85800 zone and comes back to retest it we can safely say that we will be going for an uptrend. But failing to do so will result in more selling opportunities. So far we can predict for an upward movement.
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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.