EURGBP Forecast 02 03 2021
At the end of February, the price of this currency pair dropped to the strong support zone of 0.859. In this zone, the level of support intersects as well as the senior strong line of July 2015. This zone stopped the prolonged fall in prices and turned it towards growth. However, after the growth spurt, the price returned to the zone again. I consider this movement as a correction and now I expect that the first thing the price will touch the support zone again. And then it will rise to the resistance line 0.871. This will be our goal.
At the end of February, the price of this currency pair dropped to the strong support zone of 0.859. In this zone, the level of support intersects as well as the senior strong line of July 2015. This zone stopped the prolonged fall in prices and turned it towards growth. However, after the growth spurt, the price returned to the zone again. I consider this movement as a correction and now I expect that the first thing the price will touch the support zone again. And then it will rise to the resistance line 0.871. This will be our goal.