Skip to content
Country Flag US
Select Country
Country selection We will display only brokers and information that is relevant to your country.
Currently selected country
Select a different country
Language See the content translated in your language.
Save country & language and close
Home » Analysis & Forecast » EURGBP Wave Analysis 19 December 2024

EURGBP Wave Analysis 19 December 2024

– EURGBP reversed from support zone– Likely to rise to resistance level 0.8300EURGBP currency pair recently reversed up from the support zone located between the key support level 0.8225 (which stopped the previous minor impulse wave i) and the lower daily Bollinger Band.The upward rever…

UpdatedDec 20, 2024
1 mins read

– EURGBP reversed from support zone

– Likely to rise to resistance level 0.8300

EURGBP currency pair recently reversed up from the support zone located between the key support level 0.8225 (which stopped the previous minor impulse wave i) and the lower daily Bollinger Band.

The upward reversal from this from the support zone is likely to form the daily Japanese candlesticks reversal pattern Bullish Engulfing – of the pair closes today near the current levels.

Given the bullish divergence on the daily Stochastic, EURGBP currency pair can be expected to rise to the next resistance level 0.8300.

Source: https://fxpro.news

Table of contents