EURGBP leave the downward channel and can start moving up
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Today we will look at the price of EUR/GBP.
I draw your attention to the graph, where we can see how the price broke through the resistance line of the downward channel.
After the price broke through the resistance line, it became a support line.
The price is now trading above of support line, but i expect that price can decrease and retest this support line and continue to move upwards.
In my opinion, after a possible retest of support line, the price can continue to rise.
Therefore, the stand set a goal at the level 0.8720
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
Today we will look at the price of EUR/GBP.
I draw your attention to the graph, where we can see how the price broke through the resistance line of the downward channel.
After the price broke through the resistance line, it became a support line.
The price is now trading above of support line, but i expect that price can decrease and retest this support line and continue to move upwards.
In my opinion, after a possible retest of support line, the price can continue to rise.
Therefore, the stand set a goal at the level 0.8720
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