mohemati

#EURGBP possible bearish move

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mohemati 已更新   
FX:EURGBP   欧元/英镑
As depicted in the chart, the EURGBP pair is within a long-term bearish channel and is nearing its upper boundary, where it may face downward pressure.

Additionally, the price is currently trading at a significant resistance level that it failed to breach in its last attempt, suggesting a potential failure to break through again this time.

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Price managed to break below the short-term bullish trendline yesterday, and now this recent bullish move appears to be a pullback towards the broken trendline. In the event that the price rejects from this trendline, we could expect a swift move towards our target.

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