EURGBP should fall like hell.
This pair has been growing since May 4th without strong corrections.
There was no such strong growth for 2 years.
Now the price in the sales zone, touched the resistance line on D1 and made a false breakdown of the resistance level 0.8985.
BXY (pound index) hit a 2-year low.
3 scenarios for a medium-term deals:
1) Go to the resistance level 0.8985 and fall to 0.888
2) We break through the support level of 8956 and enter on the rollback to it with the target of 0.885
3) We break through the support level of 0.8956 and go down to the level of 0.888
This pair has been growing since May 4th without strong corrections.
There was no such strong growth for 2 years.
Now the price in the sales zone, touched the resistance line on D1 and made a false breakdown of the resistance level 0.8985.
BXY (pound index) hit a 2-year low.
3 scenarios for a medium-term deals:
1) Go to the resistance level 0.8985 and fall to 0.888
2) We break through the support level of 8956 and enter on the rollback to it with the target of 0.885
3) We break through the support level of 0.8956 and go down to the level of 0.888
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🔻FREE Telegram channel🔻
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t.me/DeGRAMForex