EURGBP: Bull Pressure Now Builds Up On Resistance Zone

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 8, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EURGBP - Having reversed its intra day losses to close slightly higher on a rejection candle on Monday, bull pressure now builds up on resistance zone at 0.7250. On the upside, resistance lies at the 0.7240 level where a violation if seen will turn risk towards the 0.7280 level. Further out, the 0.7320 level comes in as the next upside target followed by the 0.7360 level. On the downside, support stands at the 0.7160 level where a violation will push it lower towards the 0.7120 level. Further

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