Forex analytics and overview
EUR/GBP: Pair To Test Resistance
2022.04.29 13:11
Looking at the EUR/GBP chart, we can see the climb from the 0.834 range to the 0.84 range on the Apr. 22, but since then, it’s been trading in a channel between support of 0.838 and overhead resistance of 0.846 for the remainder of the week. It was last found trading around the 0.842 range, within the trading channel’s support and resistance.
Today, we can expect a move towards the closest overhead resistance level of 0.846. If, however, it doesn’t manage to hold to the current level then a move towards the closest support level of 0.838 can be expected.
EUR/GBP price chart.
