Description
â‹… Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in commentsđź‘Š
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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