EURGBP falling from resistance

21 thg 12, 2020

As I said in my previous forecast, the price has gone up.

And it continued to grow until it came to the resistance line of 0.920.
This line is formed by two price highs.
Each maximum is associated with new outbreaks of covid 19.
The price touched the line for the third time at the beginning of last week.
The price fell from it, but took advantage of local support and rose again.
The latest growth was due to the support of a small zone.
This zone has existed since June.
Now the price is at the resistance line 0.920.
Since the rise was sharp, I don't think the price will continue it.
I expect to fall.
In my opinion, the price will reverse from the resistance towards the support zone.
The target is 0.913.

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