Technical analysis of the currency pair EUR/GBP (H1, H4) Hello colleagues! Today, regarding the currency pair EUR/GBP, here is the analysis: I am looking at the hourly timeframe. The pair is currently stagnant, as if waiting for a decision to be made - up or down. It is fluctuating within the range of 0.8423–0.8440. Neither bullish nor bearish. In terms of resistance level, the situation is as follows: 0.8440 - we are attempting to break through, but so far only creating dust. Regarding the support level: 0.8420 - if we break below, there is a chance of dropping to 0.8400. The technical indicators RSI and MACD are not providing any clear signals yet, I believe we might see something closer to noon. In conclusion - a sideways market and boredom. Once we break one of the edges, then we can reconsider. On the 4-hour timeframe, the situation is approximately as follows: a downtrend, but not a strong one, more like... "well, if no one objects, I'll slowly decline." The price is ranging between 0.8390 and 0.8460. In terms of resistance, 0.8460 is like a ceiling in an old building, you can't jump higher. As for the support level, it is like this: 0.8390 - if we break below, things might get interesting. RSI and MACD are around 45 - the sentiment is neutral. MACD is in the negative, but without pressure. In general, based on the situation: short if we break below 0.8390 - it could be a good entry point targeting 0.8350. For long positions, the scenario is as follows: only if we sharply rise above 0.8440 - and even then, cautiously, targeting 0.8460–0.8490. Overall, I am sticking to this scenario for today. Wishing everyone profitable trading!
