EURGBP: An Expected Rise Towards Its Great Resistance

Nov 29, 2021 at 5:54 AM EST

Looking at the EURGBP daily chart, we can see that after reaching its support level at 0.8380 it rebounded at the level of 0.8450.

Today, if the rate stays above the range of 0.8430 and .8450, we could expect it to rise toward its great resistance at around 0.85 otherwise it should fall towards its support level of 0.84.

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