EURGBP: ⬆️ Buy
– EUR/GBP reversed from the support area
– It is likely to rise to the resistance level of 0.8725
The EURGBP currency pair recently reversed from the support zone between the strong support level of 0.8620 (reflecting the price since February, and can be seen below) and the lower daily Bollinger band.
The 0.8620 support level is also the lower limit of the narrow sideways price range within which this currency pair has been moving since March.
Due to the strength of the support level 0.8620, the EURGBP is expected to rise to the next resistance level 0.8725.
