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:
Trading in a narrow range continues. The pair tested the resistance level and is now heading towards the support level. Let's see what to expect in the near future. The pair has slightly risen, hit the target precisely, and reversed. As seen on the chart, the pair tested the level of 0.8650 and is currently trading at 0.8648. RSI is moving in the middle of the range and looking down uncertainly, AO is showing a weak buy signal, the price of the pair
EURGBP is within the trading range of the previous day. The signals are flat, but there is a possibility of a very slight decrease. Therefore, I anticipate a movement towards the support level of 0.8630. Based on the analysis, cautious selling is recommended until 0.8635. However, remember that the market can be subject to sudden changes, so carefully assess your risks.
