0
0
February 25, 2021 at 03:58PM
• EURGBP reversed from support area
• Likely to reach resistance level 0.8700
EURGBP recently reversed up from the support area lying between the support level 0.8600 (former major resistance from the end of 2019) and the lower daily Bollinger band.
The upward reversal from this support area created the daily candlesticks reversal pattern Hammer Doji.
EURGBP is likely to rise further toward the next resistance level 0.8700 (former strong support from the start of 2020).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/eurgbp-wave-analysis-25-february-2021-20210225/
Selected by fonecable.com
Search Web: EURGBP Wave Analysis 25 February, 2021
Recent Posts
- Crude Oil Over Crypto
- US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
- Cathie Wood & Ark: Insiders Aren’t Buying the Hype
- Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
- Currency Carry Trade: What is it and how does it work?
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
