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Sat, Dec 10, 2022

EUR/GBP reached the support level. Wait for Reversal or Breakout?
1 mins well spent

Now, EUR/GBP reached the strong support level price 0.83 in Weekly Chart.

In Oct 2016, After market reaching the strong resistance level price 0.93, market fall down to the support level price 0.83 in Dec 2016.

Next market failed to break this support 0.83 for few times in April 2017, Dec 2019.

Now, for the 4th time in Feb 2020, EUR/GBP reached this strong support level.

Let’s wait for the confirmation of breakout or reversal from this support level.

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