This week, EUR/GBP seems to be ready to reach the Weekly Sell Side Liquidity Pool at 0.8276 after in the previous week it touched the 4-hour chart Bearish Fair Value Gap (Magenta). If we look at the chart, the round number 0.8300 looks to be acting as strong support for this pair. If this level can hold firmly, the odds are that EUR/GBP will rebound. However, as long this pair does not break out and closes above 0.8350, the Weekly Sell Side Liquidity Pool at 0.8276 is still going to be the target for this pair.
The overall bias for EUR/GBP is bearish.
(Disclaimer)
