#EURGBP 31 03 2021
In February, the price broke through the strong resistance level of 0.866. The last time it was at this level was in March 2020. This breakdown was a continuation of the downtrend, which has been continuing since September. However, now the price is near the strong support zone of 0.851, where two lines of 2020 intersect at once. And I expect the price to bounce off the zone and rise to the 0.861 resistance line. This will be our goal.
In February, the price broke through the strong resistance level of 0.866. The last time it was at this level was in March 2020. This breakdown was a continuation of the downtrend, which has been continuing since September. However, now the price is near the strong support zone of 0.851, where two lines of 2020 intersect at once. And I expect the price to bounce off the zone and rise to the 0.861 resistance line. This will be our goal.