After the market was moving in a clear direction during the first 2 weeks of the month, this week we see retention and correction in almost all places.
In these moments it is extremely important to be patient so that we can achieve the best possible results in the future!
At this point, in our opinion, the best option remains with EURGBP!
The price broke the trend line and bounced exactly from 61.8 Fibonacci (0.8862-0.9025).
This gives us reason to believe that the correction is over and we will see higher values.
Resistance levels:
0.9037
0.9071
0.9172
Critical level for the analysis - 0.8862
NB! Today from 11:00 GMT- BoE Interest Rate Decision
Do you have active positions?
In these moments it is extremely important to be patient so that we can achieve the best possible results in the future!
At this point, in our opinion, the best option remains with EURGBP!
The price broke the trend line and bounced exactly from 61.8 Fibonacci (0.8862-0.9025).
This gives us reason to believe that the correction is over and we will see higher values.
Resistance levels:
0.9037
0.9071
0.9172
Critical level for the analysis - 0.8862
NB! Today from 11:00 GMT- BoE Interest Rate Decision
Do you have active positions?
Handel aktiv:
✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
