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EURGBP Wave Analysis 2 December 2024

33


- EURGBP reversed from support zone
- Likely to rise to resistance level 0.8325

EURGBP currency pair today reversed up from the support zone located between the strong support level 0.8265 (which has been revering the pair from the start of November) and the lower daily Bollinger Band.

The upward reversal from this support zone stopped the earlier impulse waves iii and (iii) –which belong to the downward impulse sequence 1 from August.

Given the strength of the support level 0.8265 and the triple bullish divergence on the daily Stochastic indicator, EURGBP currency pair can be expected to rise to the next resistance level 0.8325.
FxProGlobal
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.

Reach out to media.comments@fxpro.com for PR and media inquiries
Também em:
OscillatorsSupport and ResistanceWave Analysis

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OscillatorsSupport and ResistanceWave Analysis
FxProGlobal
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.

Reach out to media.comments@fxpro.com for PR and media inquiries
Também em:

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.