The EUR/GBP chart is currently displaying a neutral momentum and the price could potentially fluctuate between the 1st support and the 1st resistance.
Resistance Levels:
The 1st resistance at 0.8687 is categorized as an "Overlap Resistance", indicating its potential to deter upward price movements. Additionally, the 2nd resistance at 0.8723 is categorized as a "Pullback Resistance", emphasizing its role as a substantial barrier to further advances.
Support Levels:
On the support side, the 1st support at 0.8648 is recognized as an "Overlap Support". This level suggests a zone where buying interest may emerge, potentially providing support to the price. Furthermore, the 2nd support at 0.8600 is characterized by a "Pullback Support", reinforcing its significance as a substantial support zone.
