EURGBP: The Key Support and Possible Buy Opportunity

The strong support at 0.83000 holds the market now. It is the key support zone, which was a bottom in the past and pushed the price upward. The same pattern we can expect this time as well.

If the price bounces from the support, it will be possible to buy based on reversal signals from hourly charts. Yes, we have the strong news which will be able to push the market lower. But the market is good for buying based on Technical Analysis, and it is not so good for selling. RSI is in the oversold zone, and it is a bullish signal. ADX line falls, and it is another bullish signal.

It will be good to search for buy opportunities and the new week will be able to provide us with buy signals.