EURGBP - Price can continue to trades inside rising channel
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊
Some days ago price bounced from support line and rose to resistance line of triangle, thereby breaking $0.8630 level.
After this, British Pound started to decline and fell to $0.8565 support level, which coincide with support area.
Also, price exited from triangle and entered to rising channel, where it later reached $0.8630 resistance level again.
Then price tried to rise higher, but after British Pound touched the resistance line of channel, it bounced down and now trades below $0.8630
In my mind, price can rise to resistance level and then bounce down to $0.8590 point, which coincides with support line of rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price bounced from support line and rose to resistance line of triangle, thereby breaking $0.8630 level.
After this, British Pound started to decline and fell to $0.8565 support level, which coincide with support area.
Also, price exited from triangle and entered to rising channel, where it later reached $0.8630 resistance level again.
Then price tried to rise higher, but after British Pound touched the resistance line of channel, it bounced down and now trades below $0.8630
In my mind, price can rise to resistance level and then bounce down to $0.8590 point, which coincides with support line of rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️