EUR/GBP, are we ready to drop? for FX:EURGBP by Investroy

supportandresistance supplyanddemand trendline eurgbp priceaction forextrading investroy

As it can be inferred from the chart, the price has been consolidating around the area of the descending zone drawn on the graph. Last Friday, we saw a bullish candle break the local zone to the upside and now the price has returned back in the range. We are expecting for the price to consolidate a little bit before further downside moves happen.

Happy trading, everyone!

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.