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EURGBP: DUEL POTENTIAL ZONES- DESCENDING CHANNEL TREND.

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After the successful conquer at 0.89650-0.90000; the market broke the descending channel trend, EURGBP up-move seems reliable. The zones 0.9020-34 could be attention seeking zone. with this, 0.9060 and 0.9110-48 would be the rest point to regain the upward potential after pass-through. The whole throttle is enough to grab the quote 0.9240.

On the contrary, the support zone may help it to aim for 0.8820. The south side numbers 0.8965 and the 0.8920 considered as the checkboxes for a down move confirmation. If the price maintains the potential after 0.8870, bear radars to the target 0.8820.

 

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09 Aug 2018 12:50 pm 0 Posted by tamilforex

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