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 commentsđź‘Š
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❤️