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WalterMoon
Mar 16, 2024 12:59 PM

EURGBP - Price can rise to resistance level, exiting of triangle Long

Euro Fx/British PoundFXCM

Description

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

Some time ago, price broke resistance level and started to trades in flat, where it declined to support level.

Then price some time traded between $0.8570 - $0.8530 levels in flat and later declined to support line, breaking $0.8530 level.

After this, GBP started to rise near this line, and in a short time it rose to $0.8570 level, breaking $0.8530 level one more time.

But soon, price made downward impulse and fell back, breaking support line and entering to triangle.

In triangle, GBP broke $0.8530 level again, rose to resistance line but recently fell to support line.

In my mind, British Pound can bounce from support line and rise to $0.8570 level, exiting from triangle.

If this post is useful to you, you can support me with like/boost and advice in comments❤️
Comments
Babenski
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Nice
linofx1
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Patiently waiting for a breakout, thanks for sharing đź‘Ť
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