(EURGBP) Weekly Chart Analysis

fisnikk (34)in #trading • 7 years ago (edited)

EURGBP, w.png

EURGBP price broke the resistace level of 0.88600 last week but by the end of the week price pulled back down and the candle closed below the resistance level.By doing that price formed a shooting star candle which is a really powerful reversal candle.
In this week we might see another retest of that resistance level.
If price manages to bounce back from that resistance level again then a possible target would be the price zone between 0.84000-0.83000.

Here's my chart analysis on Tradingview: https://www.tradingview.com/chart/EURGBP/9TuPCGra-EURGBP-Weekly-Chart-Analysis/

I hope that this post was helpful.
If so,please upvote and resteem to support my idea.

#eurgbp #forex #analysis