EURGBP growth in trend
We have a long downtrend.
It started after the price increase in December 2020.
The price came to the resistance of 0.911 and started to fall.
The upper trendline is not very strong.
The price has punched it many times.
And the support line (formed at the same time in December) had only a few false breakouts.
Last week, the price returned to the trend after a false breakout of the 0.876 line.
It rose, rolled back and consolidated at 0.875.
From this point, I expect growth to begin.
The price will rise in a trend and come to resistance (upper line).
The target is 0.882.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
It started after the price increase in December 2020.
The price came to the resistance of 0.911 and started to fall.
The upper trendline is not very strong.
The price has punched it many times.
And the support line (formed at the same time in December) had only a few false breakouts.
Last week, the price returned to the trend after a false breakout of the 0.876 line.
It rose, rolled back and consolidated at 0.875.
From this point, I expect growth to begin.
The price will rise in a trend and come to resistance (upper line).
The target is 0.882.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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🔻FREE Telegram channel🔻
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