Cross-rates signals: EUR/GBP is waiting for decline
The EUR/GBP pair, amid difficulties in negotiating Brexit, returned above the level of 0.8800, updating the maximum at 0.8820, and testing the upper limit of the downward channel for strength. In this case, general dynamics of the pair and technical analysis indicates the possibility of a reversal.
A return of EUR/GBP below 0.8800 will indicate a resumption of the downtrend. As a result, we can expect test support levels: 0.8750 and 0.8730. The resistance is the marks: 0.8800 and 0.8820-30.
Read also: “Fibonacci Clusters. Subtlety of use”
Hanzenko Anton
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