DeGRAM

⚠️ EURGBP fall in the channel

Short
FOREXCOM:EURGBP   Euro / Livre Sterling
The price is moving in the lower falling channel after leaving the senior falling channel in early April.
Then it broke through the support 0.859.
At the end of last week, the price made a false breakdown of the resistance at 0.868.
This is the heavy line of June 2020.
Since mid-April, the price has been regularly breaking through it.
But it stopped at the channel resistance (February 2021).
I expect the price to drop from resistance.
The target is 0.857.

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