EURGBP: ⬆️ Buy
- EURGBP reversed from key support level 0.8620
- Likely to rise to resistance level 0.8730
EURGBP currency pair recently reversed up from the support zone between the key support level 0.8620 – which is the lower border of the sideways price range from the middle of May, which has also been reversing the pair from August.
The upward reversal from this from the support zone stopped the previous intermediate correction (2).
Given the bullish euro sentiment seen across the FX markets today and sterling outflows, EURGBP currency pair can be expected to rise to the next resistance level 0.8730 (upper border of the active sideways price range).
SOURCE LINK : EURGBP Wave Analysis – ActionForex
