Thu, Dec 01, 2022 @ 14:11 GMT

EURGBP Wave Analysis

  • EURGBP reversed from long-term resistance level 0.9200
  • Likely to fall to support level 0.8800

EURGBP falling after the pair reversed down from the powerful long-term resistance level 0.9200 (which has been reversing the price from the middle of 2020), standing far above the upper weekly Bollinger Band.

The downward reversal from the resistance level 0.9200 is currently forming the strong weekly Candlesticks reversal pattern Falling Star.

EURGBP currency pair can be expected to fall further toward the next support level 0.8800.

FxPro
FxProhttp://www.fxpro.co.uk/?ib=606792
FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.

Featured Analysis

Learn Forex Trading