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EURGBP: ⬆️ Buy
– EURGBP reversed from support area
– Likely to rise to resistance level 0.8735
EURGBP currency pair recently reversed from the support area located between the pivotal support level 0.8660 (which has been reversing the pair from the middle of September) and the lower daily Bollinger Band.
The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Bullish Engulfing – which stopped the previous ABC correction ii.
Given the clear daily uptrend, EURGBP currency pair can be expected to rise to the next strong resistance level 0.8735 (which has stopped all upward impulse from April).
Source: https://fxpro.news
