FX.co ★ EUR/GBP

Hello traders, unexpectedly, the EURGBP pair has been particularly active today. It's not often that such distances are covered within one day. Sellers have come close to another barrier near the 0.8730 level, if they manage to break below it, then the decline can continue towards 0.8715, 0.8700, and 0.8680. If bears maintain their grip at these levels, then the EURGBP price may shift towards 0.8635 and 0.8600. However, I am more inclined to believe that the current decline will soon end and buyers will start recovering losses. First, we need to wait for a consolidation above 0.8745, and then we can move towards 0.8760, 0.8775, and 0.8790.