EURGBP 20-24 April 2020
Monthly Chart is forming a upside down "U" to go down.
Weekly chart is supported by weekly resistance.
The support zone is very strong and it has been consolidating for the past few days.
Buyer and seller are still undecided.
I will recommend to be patient, observe the possible breakout whether is up or down.
After the breakout, then decide whether to buy or sell.
From the short term chart, it seems to be forming an uptrend of "U".
Weekly chart is supported by weekly resistance.
The support zone is very strong and it has been consolidating for the past few days.
Buyer and seller are still undecided.
I will recommend to be patient, observe the possible breakout whether is up or down.
After the breakout, then decide whether to buy or sell.
From the short term chart, it seems to be forming an uptrend of "U".
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