FX.co ★ EUR/GBP

The moving averages indicator is showing bearish potential. On the EURGBP chart, the price is below the trend line, confirming the strength of the bears. If sellers manage to break the 0.867 buyer zone, which the price has repeatedly bounced off, there is a possibility that the movement will continue towards negative influence. The first level to consider for a trade setup will be the key level of 0.867. If this range is broken, it is likely that a channel towards the medium-term daily minimum will open up for us. Until this happens, a bullish trend may emerge. Alternatively, a deep correction could occur, presenting a false impulse towards the intermediate maximum of 0.873 for liquidity gathering.