WalterMoon

EURGBP - Price can rise a little and then bounce down to $0.8665

Short
FX:EURGBP   Euro / British Pound
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊

After price entered to rising channel, it reached $0.8720 resistance level, which coincided with resistance area.

Price broke this level and rose to resistance line of channel, but soon it bounced below $0.8720 level to support line, exiting from channel.

Later British Pound bounced from support line and made upward impulse to $0.8765 points, breaking $0.8720 level again.

But then, price started to decline in falling channel, where it broke support line and fell below resistance level.

British Pound tried to back up, but failed and now trades near support line of falling channel, so I think it can rise a little.

Then price can continue to decline to $0.8665 support line of channel.

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