The EUR has dropped significantly versus the GBP in the last week, and it is currently traded around 0.8315. And now as evident in the data, the daily chart is giving bullish signals, indicating that EUR/GBP pair might go up. Forex traders can take advantage of this impending movement by having their Entry Orders in place to capture this reversal.
• The next resistance levels are found at the 0.8345, 0.8375 and 0.8405 levels.
EUR/GBP Daily Chart
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Anton Eljwizat is a Currency Analyst with ForexYard. His experience in writing technical analyses for trading companies such as ForexYard has helped Anton stand out among other analysts. His understanding of technical indicators and chart analysis helps him provide some of the most groundbreaking analysis in the market today. His writings have been published on the ForexYard Trading Blog and affiliate websites. Anton holds a degree in Business Management from Ryerson University as well as a degree in Finance from Centennial College in Canada.
