EURGBP: ⬇️ Sell
- EURGBP reversed from resistance zone
- Likely to fall to support level 0.8750
EURGBP currency pair recently reversed from the resistance zone between the resistance level 0.8800, resistance trendline of the daily up channel from September and the upper daily Bollinger Band.
The downward reversal from resistance level 0.8800 created the daily Japanese candlesticks reversal pattern Evening Star Doji – with the middle candle being Shooting Star.
Given the strength of the resistance level 0.8800, EURGBP currency pair can be expected to fall to the next support level 0.8750, former strong resistance from April, July, August and September.
