EURGBP TARGET BUY

18 Şub 2021

The price continues to show a strong fall without any significant corrections. The fall is based on the support line formed in September 2020, it also prevents the price from making a sharp collapse. The resistance line is currently younger - it appeared only in January 2021. This is due to the fact that since January the price has been moving without strong corrections or rollbacks. The last time the price touched the resistance line at the beginning of this week at the point 0.878. Now it is at the 0.868 support line and I expect the price to rise back to resistance from this point. Thus, my final target is the resistance line at 0.874.