EURGBP Price Analysis
Expected Scenario
The EURGBP price has recently experienced some corrective bullish movements, testing the 0.8500 barrier before settling below it. This confirms its adherence to the previously suggested bearish bias, with current movement towards 0.8465.
Major indicators support the negative momentum, coupled with the stability observed near the mentioned barrier. These factors reinforce our bearish outlook, anticipating a potential decline towards the 0.8425 level in the near term. Further downside pressure could target the 0.8400 support line as the price seeks to resume its bearish trend in the upcoming period.
Expected Trading Range
Between 0.8490 and 0.8425.
Trend Forecast: Bearish
Related topics: