EUR/GBP Could Move Towards The 0.854 Range
| May 20, 2022 04:36AM ET
Looking at the EUR/GBP chart, we can see the fall from the 0.852 range on May 14 to the 0.84 range where it formed to support, bouncing up in the 0.844 range, and then 0.848 range having the closest support level around the 0.846 range and closest overhead resistance of 0.854.
Today, we can expect a move towards the 0.854 range, challenging the overhead resistance. If, however, it doesn’t manage to hold to the current level, then a move below the 0.846 range can be expected.
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