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HomeCurrenciesEURGBP Faces Negative Pressure – Forecast for November 29, 2024

EURGBP Faces Negative Pressure – Forecast for November 29, 2024

The EURGBP continues to trade within a bearish channel, with the price recently facing resistance around the key level of 0.8360. This has led to several negative waves, with the pair settling near 0.8315. Major technical indicators align to suggest a continuation of the bearish momentum, reinforcing expectations of further downward movement in the near term.

The EURGBP is likely to experience additional losses, with the next target at 0.8285, followed by potential pressure on the 0.8250 level.

The expected trading range for today is between support at 0.8250 and resistance at 0.8330.

Trend Forecast: Bearish

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