EURGBP January, 27 2020

Technical Analysis
Monday, January 27, 2020 - 12:41
Point Trader Group
EURGBP January, 27 2020

Overview:

The chart above shows that the pair is trading below a strong resistance level represented in the falling trend line, which enhances the downside opportunities during today's trading.

Expected:

Continuing trading below the aforementioned resistance level might push the pair down to 0.8310

Alternative Scenario:

Breaking the falling trend line up, may push the pair up to 0.8600

 

Resistance0.85000.86000.8650
Support0.83100.82500.8200

 


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