Prospects of the currency pair EUR/GBP based on technical analysis. The main focus will be on resistance and support levels, volumes, and basement indicators. Let's look at the chart:
The situation clearly reflects today's realities in terms of countries' reactions to Trump's statements. While Europe has shifted to sharp rhetoric leading to a rise in the euro, the UK is trying to calm the situation and seek compromises. Despite the pound looking weaker than the euro in this context, in the long term, due to its very cautious and balanced financial policy, the pound remains one of the most stable currencies in the world. Let's see what awaits us in the near future. The pair has risen well, easily hit the target and reversed. As seen on the chart, the pair tested the level of 0.8730 and is currently trading at 0.8722. The RSI is moving in the selling zone and looking down hesitantly, the AO is showing a good selling signal, and the price of the EUR/GBP pair is above the previous day's trading range. The signals are not very strong, but there is a possibility of a slight decrease. Therefore, I anticipate a movement towards the support level of 0.8690. Based on the analysis, cautious sales are recommended until 0.8695. However, remember that the market can be subject to sudden changes, so carefully assess your risks.
