EURGBP growth after consolidate on support zone

1 февр. 2021 г.

In the middle of the month, the price broke through the resistance at 0.893.
It continued to fall and came to support 0.882.
I worked out several corrections.

This support zone is formed at the intersection of the lines.
The first line (youngest) has existed since September 2020.
The second was formed in November 2019.
Together, they provide a strong boost to price.
I expect that after the price made false breakout and came to the support zone of 0.881 it will rise.
(consider the possibility of corrections).
The price will come to resistance.
The target is 0.890.


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