LeoPrime Daily Market Analysis

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EURGPB reversed from round support level 0.90000; Likely to rise to 0.90600

EURGPB recently reversed up from the key round support level 0.90000 (which has been reversing the price from the middle of July), intersecting with lower daily Bollinger band. The upward reversal from the support level 0.90000 started the active short-term impulse wave 3. Given the strongly bullish sentiment affecting the euro today – EURGPB is likely to extend the gains toward the next resistance level 0.90600 (top of the previous correction (b)) – followed by 0.91400 (which stopped the earlier impulse wave (i)).

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