EURGBP made false breakout/ Growth
The price consolidated at the support zone of 0.885.
The zone is formed by a strong level + support line from September 2020.
The last time the price touched the level in November and bounced off it.
Then the price came to the support zone in mid-January.
Bounced off, rolled back and entrenched in the zone.
The price dropped below the support level of 0.886.
In my opinion, this will be a false breakout.
Because a) the support zone is very strong, b) another strong support line (2019) runs nearby.
I expect the price to rise to resistance.
The target is 0.900.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
The zone is formed by a strong level + support line from September 2020.
The last time the price touched the level in November and bounced off it.
Then the price came to the support zone in mid-January.
Bounced off, rolled back and entrenched in the zone.
The price dropped below the support level of 0.886.
In my opinion, this will be a false breakout.
Because a) the support zone is very strong, b) another strong support line (2019) runs nearby.
I expect the price to rise to resistance.
The target is 0.900.
---------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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