FX.co ★ EUR/GBP

In the EURGBP currency pair, against the backdrop of pound weakness, the Euro managed to strengthen, and buyers were able to hold above 0.8665. However, in order to move further upwards, it is necessary to establish a foothold above 0.8680, and for reliability, above 0.8700. If the current bullish sentiment persists into the next week, then after successfully consolidating above 0.8680-0.8700, the upward movement towards 0.8730, 0.8760, and possibly up to 0.8790-0.8800 could continue. If sellers manage to push the EURGBP price below 0.8665, then they will have the opportunity to continue the decline towards 0.8635. Holding below 0.8635 could lead to a descent to 0.8620 and 0.8605, and further developments will need to be monitored closely.