EURGBP Inside a Large Corrective Pattern - Target 0.8400 ?
EURGBP Inside a Large Corrective Pattern - Target 0.8400 ?
EURGBP is developing a pattern with bullish volume, but it remains confined within a larger corrective zone.
The price is currently near the top of this pattern, which corresponds to a key resistance zone.
Given the historical behavior, there is a significant chance that EURGBP could move down again.
The first support zone is near 0.8424. If the price breaks down further, it may test the 0.8400 level.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
EURGBP is developing a pattern with bullish volume, but it remains confined within a larger corrective zone.
The price is currently near the top of this pattern, which corresponds to a key resistance zone.
Given the historical behavior, there is a significant chance that EURGBP could move down again.
The first support zone is near 0.8424. If the price breaks down further, it may test the 0.8400 level.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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