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Michael_Winner
Dec 8, 2022 6:41 PM

EUR/GBP can start to fall and reach support areaΒ Short

EUR/GBPOANDA

Description

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Hello, dear traders, we are new here, so we ask you to support our ideas by asking "SUBMIT" and COMMENTS, and you can also freely ask any questions in the comments, we will try to answer everyone, thank you guys.

Today we will look at the price of EUR/GBP.
I draw your attention to the chart, where we can see how the price is moving in the downward local trend.
We can also see how the price re-tested the resistance line and bounced.
In my opinion, the price can continue to fall and drop to the support area 0.8570-0.8550 where I saw our goal.
Also, the price can break through the support area and continue to decline, so I will update this idea for you If the market situation changes.


I expect this scenario, so be prepared for the next moves.
Thank you for your time, we hope our work suits you and you are satisfied, we wish you a nice day and great profits
Comments
InvestMate
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As for EUR/GBP, I expect the downward trend to continue in the coming days
JoeChampion
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Sweet!
Gold-Tech
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Wow, this is interesting. Your idea is mostly correct
Tolberti
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Exactly as you predicted, good job done.
RLinda
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Nice work. Thank you for sharing. It takes time to see the result
Lingrid
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Nice idea
DeGRAM
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Well done mate, keep on doing the great work.
Cybernetics_tl
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my expectation was slightly different, but my trade is invalidated, so nice one and lets wait for an update
TheSignalyst
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I am personally looking at DXY, and it seems holding that support. so yes I agree for a weaker EUR
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