EURGBP: ⬆️ Buy
- EURGBP reversed from support zone
- Likely to rise to resistance level 0.8850
EURGBP currency pair recently reversed up from the support zone between the strong support level 0.8745 (former resistance from April, July and October) and the lower daily Bollinger Band.
This support zone was strengthened by the support trendline of the daily up channel from July and by the 61.8% Fibonacci correction of the upward impulse from October.
Given the strong daily uptrend, EURGBP currency pair can be expected to rise to the next resistance level 0.8850 (which stopped earlier impulse wave 1).
 and the lower daily Bollinger Band.){kind=link}