FX.co ★ EUR/GBP

It is worth noting that there have been no changes in the EURGBP pair for a long time. We can say that we continue to trade within the same range, although this week we mostly tried to grow. Looking at the bigger picture, we still have a downward movement. There is room for further decline, as there are plenty of targets around 0.86 and the nearest area is around 0.8610. Volatility remains low, which is not surprising, as the EURUSD and the pound continue to trade within the demand for the dollar. However, next week we will have the UK GDP data, so we may get a good impulse. Personally, I am still on the sidelines with two ideas. If we break above 0.8695, I will sell there. But if we immediately drop below 0.8595 and fail to hold, I will buy at least on a pullback.