As we can EURGBP reached it resistance level @0.8832 and what we can see now is a nice rejection off that level. What we can do now is enter a short position where we have to be aware of an important support level @0.8730. Price Level can also been see consolidating around this support and resistance level. We could see a potential bounce off this strong support level @0.8730 and could see price level heading towards 0.9085. But for now, short tern sell will be the best option and wait for signs of bullish action near the strong support level before initiating a long position. Bollinger band did show a nice rejection off the upper band heading towards the middle band which is where the support is at. I will update once again when we are closer.
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Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!