Сross-rates signals: EUR/GBP began to work out a “double top” figure

After the pound’s ubiquitous growth, on the evidence that the Brexit negotiations had moved from a dead end, the EUR/GBP cross rate managed to overcome the significant support 0.8850, which also limited the development of the “double top” figure. After a rapid breakdown of this level, there is some oversold on this pair, which can cause a correction.

The entry zone for sales is the mark: 0.8870-40, and given the significant oversold of the EUR/GBP pair, it is also possible to rollback to resistance levels: 0.8870-90. The goal is located at support levels: 0.8790 and 0.8750-30. The significant resistance is the level 0.8890-0.8910, the breakthrough of which will cancel the development of the figure.

Fig. EUR/GBP H4, current price – 0.8835

Hanzenko Anton