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EURGBP: ⬇️ Sell
– EURGBP reversed from long-term resistance level 0.8735
– Likely to fall to support level 0.8700
EURGBP currency pair recently reversed from the resistance area between the major long-term resistance level 0.8735 (former multi-month high from April) and the upper daily Bollinger Band.
This resistance area was further strengthened by the resistance trendline of the daily up channel from August.
Given the strength of the resistance level 0.8735, overbought daily Stochastic and the bullish sterling sentiment seen today, EURGBP currency pair can be expected to fall further to the next support level 0.8700.
Source: https://fxpro.news
