Photo by Philip Veater on Unsplash
Looking at EURGBP’s Chart, we can see the climb from the 0.832 level on the 28th of March to the 0.848 range on the 30th of March, reaching as high as 0.851, but unable to move higher or consolidate at that level, it retracted from the high to the 0.842 range where it traded steadily, between temporary support around the 0.84 range and closest temporary overhead resistance at the 0.844 range. It was last found trading at the 0.84 range.
Today, we can expect a move below the closest temporary support level of 0.84, somewhere in the 0.838 range.
If however, it manages to hold to the current level then a move towards the closest overhead resistance of 0.844 can be expected.
(Click on image to enlarge)
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