💱EURGBP - Distributive Growth. Retest of resistance
EURGBP is in a sideways range amid a downward global trend. The price is testing the upper boundary, which plays the role of a strong resistance, where there is a high chance for a rebound
TA on the high timeframe:
1) False breakdown of 0.8666 forms a fall to the support, thus the price confirms the presence of flat
2) Impulse is forming, most likely the area of 0.8650 - 0.8684 can be a medium-term target.
TA on the low timeframe:
1) A distributive resistance retest is being formed. Such movements are quickly stopped by strong levels
2) Since we have a global downtrend and a range formed, a fall to 0.86000 is likely from resistance
Key resistance📈: 0.8651, 0.8666
Key support📉: 0.86000
TA on the high timeframe:
1) False breakdown of 0.8666 forms a fall to the support, thus the price confirms the presence of flat
2) Impulse is forming, most likely the area of 0.8650 - 0.8684 can be a medium-term target.
TA on the low timeframe:
1) A distributive resistance retest is being formed. Such movements are quickly stopped by strong levels
2) Since we have a global downtrend and a range formed, a fall to 0.86000 is likely from resistance
Key resistance📈: 0.8651, 0.8666
Key support📉: 0.86000
All about GOLD🥇
Trading Tips💡
Secrets of🔑
Analysis📊
Forecasts🔔
FREE TELEGRAM:
🌹 Telegram channel: t.me/Go1dTech
😍 My contact: t.me/GoldTech
Trading Tips💡
Secrets of🔑
Analysis📊
Forecasts🔔
FREE TELEGRAM:
🌹 Telegram channel: t.me/Go1dTech
😍 My contact: t.me/GoldTech
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.