The EUR/GBP pair has recently experienced a corrective bearish pullback, testing the 0.8532 support line and stabilizing above it, which sets the stage for a potential return to the bullish trend.
For the bullish scenario to regain momentum, the pair needs to gather additional positive momentum. The consolidation of the 55-day moving average (MA55) below the current support level will further support this upward movement. Surpassing the 0.8572 resistance level could lead to further gains, with targets at 0.8620 and 0.8685 in the medium term.
The expected trading range for today is between 0.8540 support and 0.8572 resistance.
Trend Forecast: Bullish
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