Looking at EURGBP’s chart, we can see that it is currently traded at the rate of around 0.8457, trying to rise towards its resistance level at around 0.8485. If it will be able to break it through, then we could expect the rate to continue rising towards its next resistance level at around 0.8530 otherwise it should fall towards its support level at around 0.8435.
(Click on image to enlarge)
More By This Author:
EURUSD: An Expected Drop To A New All-Time Low
JPMorgan Chase: Expected To Rise Towards Its Resistance Level At Around $120
USDJPY: Expected To Re-Test Its Resistance Level
Comments
Log in or sign up to join the conversation.