EUR/GBP reversed from resistance zone

• EUR/GBP reversed from resistance zone
• Next sell target - 0.8900

EUR/GBP recently reversed down from resistance zone lying between the powerful resistance level 0.8960 (which has been reversing all upward impulse from last November, as can be seen from the daily EUR/GBP chart below) and the upper daily Bollinger Band. EUR/GBP is expected to fall further toward the next sell target at the next support level 0.8900 (former strong resistance from the start of July).

Dmitry Chernovolov

Similar

16.07.2019 12:38 AUD/CAD touched resistance

Technical levels of AUD/CAD

aud cad technical analysis

15.07.2019 16:05 Head and shoulders of EUR/AUD?

Technical analysis of EUR/AUD

aud eur technical analysis

05.07.2019 09:59 AUD/CHF may consolidate

Technical analysis of AUD/CHF

aud chf technical analysis

Latest news

02.02.2018 13:07 EUR/USD: "Tweezers" on 34 Moving Average

There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...

eur

10.01.2018 20:43 GBP/JPY reversed from resistance zone

GBP/JPY reversed from resistance zone Next sell target - 149…

gbp jpy

01.05.2018 11:00 EUR/USD: no any reversal pattern so far

If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...

eur