EURGBP 28.04.2021

Technical Analysis
Wednesday, April 28, 2021 - 15:46
Point Trader Group
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 levels0.87180.87300.8800
Support levels0.86300.86000.8580

 

  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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