EURGBP TECHNICAL ANALYSIS
MONTHLY
The monthly trend shows exhaustion with 3 complete waves of selling and landed into a major support zone around 0.69253 marked by S and bounced off strongly.
The trend still has a chance to retest the lows on the support zone around 0.69253 but a close above 0.73845 marked by A resistance zone will confirm the bullish sentiment. The next resistance zone will be around 0.76490, B and break of that zone will lead to a larger target around 0.82328, C.
DAILY
The daily trend shows a strong bullish sentiment from the lows at 0.69546.
The price is now reacting to a strong resistance zone around 0.73845, A and a close above it will lead to continuation of the uptrend and next daily target will be around the 0.76490, B resistance zone
The price is now reacting to a strong resistance zone around 0.73845, A and a close above it will lead to continuation of the uptrend and next daily target will be around the 0.76490, B resistance zone
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