EURGBP currently encounters two resistance levels: one from the downtrend and another from a sideway pattern. We're closely monitoring this pair, and if it manages to break through both of these resistances, it could potentially make a strong upward move towards the next resistance levels at 0.8850, 0.8920, and 0.8950.
Moreover, if it respects these resistance levels and shows signs of weakness, we may consider a short position with targets set at 0.8520, 0.8430, and 0.8350.
Moreover, if it respects these resistance levels and shows signs of weakness, we may consider a short position with targets set at 0.8520, 0.8430, and 0.8350.
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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.