EUR/GBP Could Move Towards The Closest Temporary Resistance Level

2022.04.12 13:11

Looking at the EUR/GBP chart, we can see the slow pullback initially from the 0.837 range on the Apr. 6 to the 0.833 range and further below to the 0.831 on the Apr. 8, now deemed as support, which led to the rebound and the rally towards 0.837, reaching as high as 0.838.

It was last found trading around the 0.835 range, having the closest support range at 0.834 and overhead resistance at 0.838 range. Today, we can expect a move towards the closest temporary resistance level of 0.838. If, however, it doesn’t manage to hold to the current level, then a move towards the closest support level of 0.834 can be expected.

EUR/GBP price chart.

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