Euro / Livre Sterling
Short

EURGBP: breakout of the trend, then - correction and fixation

172
In September 2020, the price bounced off the strong resistance level of 0.924. After that, a two-stage downtrend began. The first one - from September 2020 to November, after which the price bounced back at 0.888 and made a correction. After the completion of the correction, the price continued to fall and at the beginning of April this year came to the support zone of 0.849. After a rebound from the zone, the price broke through the resistance 0.869 = 8. It can be expected that it will push off against the resistance of 0.873 and fall back to the 0.864 line.

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