Looking at EURGBP’s Chart, we can see the fall from the 0.852 range on the 14th of May to the 0.84 range where it formed to support, bouncing up in the 0.844 range and then 0.848 range having the closest support level around the 0.846 range and closest overhead resistance of 0.854.
Today, we can expect a move towards the 0.854 range, challenging the overhead resistance.
If however, it doesn’t manage to hold to the current level then a move below the 0.846 range can be expected.
(Click on image to enlarge)
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