⚠️ EURGBP consolidation to support before the fall
The price bounced off at the resistance 0.872 (the border of the lower falling channel).
It has broken through the resistance line 0.868 and consolidated on it.
Further, I expect a fall because:
- the price received an impulse from the resistance (low channel) 0.872 - February 2021.
- broke through the strong resistance line 0.868 (June 2020)
- worked out the correction and fixed on it at the point 0.867.
The target is 0.858.
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It has broken through the resistance line 0.868 and consolidated on it.
Further, I expect a fall because:
- the price received an impulse from the resistance (low channel) 0.872 - February 2021.
- broke through the strong resistance line 0.868 (June 2020)
- worked out the correction and fixed on it at the point 0.867.
The target is 0.858.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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