EURGBP can rise and maybe breakout it
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Today we will consider the price of EUR/GBP.
At the moment price trades close to support zone inside of the donward channel.
Now I expect that price can bounce from support line of downward channel which also coinside with support zone 0.8570 - 0.8590.
And then price can rise to top part of downward channel with first target at $0.8630.
If the price break the resistance line and make a retest we can expect the movement to the second target at $0.8680.
I expect this scenario, so be prepared for the next moves.
Thank you for your time, we hope our work suits you and you are satisfied, we wish you a nice day and great profits
Today we will consider the price of EUR/GBP.
At the moment price trades close to support zone inside of the donward channel.
Now I expect that price can bounce from support line of downward channel which also coinside with support zone 0.8570 - 0.8590.
And then price can rise to top part of downward channel with first target at $0.8630.
If the price break the resistance line and make a retest we can expect the movement to the second target at $0.8680.
I expect this scenario, so be prepared for the next moves.
Thank you for your time, we hope our work suits you and you are satisfied, we wish you a nice day and great profits
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