FX.co ★ EUR/GBP

Hello traders, I personally thought we would see growth today on the EURGBP pair, and there were even hints of it, but so far it hasn't happened as we are currently declining. At the moment, we are pressing southward, breaking the local uptrend. There are also downside targets, but they are old and unconfirmed for me at the moment. The EURUSD and the pound continue to trade based on the demand for the dollar, although the pound still feels more confident. Even though we saw higher-than-expected inflation in the Eurozone today, there has been no reaction from the EURUSD yet. In general, I do not consider trades at these prices. However, I will focus on the overall short initiative, so if we climb back above 0.8765, I would not exclude selling there.