EURGBP broke and consolidated on support / Growth

8 de fev. de 2021

At the beginning of the month there was a sharp drop in prices.
First, it broke through the resistance at 0.881.
Then it dropped to the next support line 0.877.
Struck her too.
But after a slight fall behind the line, it returned to the limits of support.
This line is from September 2020.
All this time, she acted as a guideline for the downtrend.
The last strong breakdown of this line occurred in early December at position 0.899.
After at the beginning of last week the price consistently broke through the resistance 0.881 and the support at 0.877, it returned to the line.
The price consolidated towards the support line in the 0.876 zone.
Then the growth began.
I expect the price to rise to resistance from the support.
The target is 0.882.

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