WalterMoon

EURGBP - Price can bounce up from support level to $0.8670

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 started to move up in rising channel, where it first fell to support line and then made upward impulse.

GBP broke resistance level, which coincided with resistance area, and soon broke resistance line, but later fell back.

A few moments ago price reapeted a fake breakout from this line again, after which continued to rise in channel.

Later, EURGBP bounced of resistance line and made strong downward impulse, thereby breaking $0.8690 and $0.8600 levels.

Recently it started to grow in one more rising channel, where price continues to trades to this day.

I think British Pound can correct to support level and then bounce to $0.8670 resistance line of channel.

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