WalterMoon

EURGBP - Price can rise to resistance level, exiting of triangle

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

Some time ago, price broke resistance level and started to trades in flat, where it declined to support level.

Then price some time traded between $0.8570 - $0.8530 levels in flat and later declined to support line, breaking $0.8530 level.

After this, GBP started to rise near this line, and in a short time it rose to $0.8570 level, breaking $0.8530 level one more time.

But soon, price made downward impulse and fell back, breaking support line and entering to triangle.

In triangle, GBP broke $0.8530 level again, rose to resistance line but recently fell to support line.

In my mind, British Pound can bounce from support line and rise to $0.8570 level, exiting from triangle.

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