WalterMoon

EURGBP - Price can continue to trades inside rising channel

Kort
FX:EURGBP   Euro/Brittiska pund
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊

Some days ago price bounced from support line and rose to resistance line of triangle, thereby breaking $0.8630 level.

After this, British Pound started to decline and fell to $0.8565 support level, which coincide with support area.

Also, price exited from triangle and entered to rising channel, where it later reached $0.8630 resistance level again.

Then price tried to rise higher, but after British Pound touched the resistance line of channel, it bounced down and now trades below $0.8630

In my mind, price can rise to resistance level and then bounce down to $0.8590 point, which coincides with support line of rising channel.

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