The Euro
strengthen for today versus its major counterparts and versus the Pound we can
see that the price breaks above the ascending triangle. On the daily chart of
the EUR/GBP we had identified a few days back the formation of an ascending
triangle with a good support at the 0.7523 level with an upper trendline. The
0.7523 has been acting as a good support from where the price bounces to the
upside and breaks the upper trendline. At the moment the price seems to be
heading higher and if it reaches the 0.7756, then that level could act as
resistance.
It's still trying to break above 0.7715.
ReplyDeleteGood analysis, thanks.
ReplyDeleteWell spotted! Thanks for sharing it.
ReplyDeleteStraight to the point! Congrats!
ReplyDeleteVery nice tip I'll be watching
ReplyDeleteInteresting analysis, thank you.
ReplyDeletewell spotted and thanks for sharing.
ReplyDelete