Get started
Investroy

EUR/GBP: the price is forecasted to continue rising

Long
Euro / British Pound (OANDA:EURGBP)  
Investroy  
OANDA:EURGBP   Euro / British Pound
Support and Resistance Trend Analysis Parallel Channel EURGBP priceaction Technical Analysis forextrading investroy
8
7
supportandresistance trendanalysis parallelchannel eurgbp priceaction technicalanalysis forextrading investroy
As it is can be clearly seen from the graphical illustration, the price is continuing its bullish movements to the upside. The price managed to drop below the zone of support of the ascending channel and take out early entrants before going up again. From another point of view, the price simply visited the area of 0.831 crucial support and gained volume before spiking up. Either way, the price action is playing out nicely and we are predicting a long-term growth and setting our first target at 0.851 area of resistance
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.