*Analysis: Forex (EUR/GBP)*
• As per the given 1H chart for EURGBP, the pair has been following a declining trend since the last week of December 2023. However, recently the pair found support 0.8645 at fib level 0.618.
• The prices also at the support level, breached the lower band of Fibonacci, indicating a bullish reversal.
• Hence prices later started to rise and made highs of 0.8680, but failed to give a close above 0.8670.
• Therefore, prices again started weakening and currently trades
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.