Lingrid

EURGBP stop at strong SUPPORT zone and GROWTH

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FOREXCOM:EURGBP   歐元 / 英鎊
One of the main direction lines on the chart at the moment is the resistance line formed in September 2020. Even after the breakdown of the line in December last year, the price continued to follow it, creating a downtrend.

The price fell to a strong support zone, which is a historically strong level and also a very strong support line that appeared on the chart in 2015. Now the price is at the 0.860 point, and despite a minor breakdown, I expect it to take advantage of the support and rise to the 0.872 resistance line. This will be our goal.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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