The EUR/GBP chart indicates a neutral bias with the following key support and resistance levels:
Resistance Levels:
The 1st resistance level at 0.8584 is identified as an "Overlap resistance." This level suggests a significant barrier to further upward movement.
The 2nd resistance level at 0.8614 is also labelled as an "Overlap resistance." It signifies another notable resistance zone that traders should keep an eye on.
Support Levels:
The 1st support level at 0.8555 is characterized as a "Pullback support". This level may act as a support zone where a bounce could occur.
The 2nd support level at 0.8528 is marked as a "Swing-low support". It represents another crucial support zone where price could find strong support.
