EUR/GBP heading towards lower limit of range to bounce upward.
This pair has been in a range from 2016. Now in 2020 it seems to be making a beeline towards the lowest point of the range that was started in 2016. Some confluences to support my analysis are.
1. Its heading short to complete the falling wedge pattern and to reach the lower point of range
2. The pair is going to reach that point but will not break it as it is a very strong support
3. After reaching the lowest point it will bounce towards 0.87307 which is a strong resistance
4. The falling wedge pattern confirms that the pair will go up after the pattern is completed
EURGBP
1. Its heading short to complete the falling wedge pattern and to reach the lower point of range
2. The pair is going to reach that point but will not break it as it is a very strong support
3. After reaching the lowest point it will bounce towards 0.87307 which is a strong resistance
4. The falling wedge pattern confirms that the pair will go up after the pattern is completed
EURGBP