WalterMoon

EURGBP - Price can make small correction and then start rise

Long
FX:EURGBP   Euro / British Pound
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in commentsđź‘Š

Recently price bounced from support level, which coincided with support area, and declined to support line of triangle.

GBP turned around and made strong upward impulse to resistance line, breaking $0.8610 and $0.8545 levels.

But then price started to decline and in a short time fell to $0.8545 level, breaking resistance level again.

Then GBP fell to support line of triangle and at once bounced up, thereby exiting from triangle pattern.

Also, price broke $0.8545 level and now it continues to rise, so, in my mind, British Pound can make correction move.

After this, price will turn around and start to move up to $0.8590 points.

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