WalterMoon

EURGBP - Price can exit from rising channel and fall to $0.8550

Short
FX:EURGBP   Euro / British Pound
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊

Some time ago price declined lower support level, which coincided with support area, and started to trades in triangle.

In triangle, GBP made upward impulse to resistance line, breaking $0.8540 - $0.8570 levels and then turning around.

In a short time, price declined to resistance area and soon exited from triangle and broke $0.8570 level too.

After this, price fell to support area, after which it entered to rising channel, where GBP rose to $0.8570 level.

Also, price broke this level again and some time traded higher, but recently fell back to support line.

Now, I think British Pound can grow to resistance level and then bounce down to $0.8550, exiting from channel.

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