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EURGBP 28.04.2021
Overview:
Prices are moving in a short term downtrend
Expected scenario:
We note on the above chart that the pair is trading below a strong resistance level around 0.8730, which enhances the chances of a downside during today's trading to 0.8620.
Alternative scenario:
On the other hand, we see that if the 0.8730 level is broken to the upside, this pair may push further up to 0.8800.
| Resistance levels | 0.8718 | 0.8730 | 0.8800 |
| Support levels | 0.8630 | 0.8600 | 0.8580 |
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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