Sellers in the currency pair EURGBP continue to keep the price near 0.8620-0.8635. If the bears manage to break below 0.8620 and then establish below 0.8605, then the downward movement can continue to 0.8575 and 0.8545. If further the level of 0.8545 is breached, then the price may move down to 0.8515 and 0.8485. In case buyers become more active and establish above 0.8635, initially we can expect an increase towards 0.8650. If the bulls manage to hold above 0.8650, then the price may move up to 0.8665 and 0.8680 - from here a return to a downward movement is possible. Holding above 0.8680 will open the way for buyers to 0.8700, 0.8715 and 0.8730, and further targets will need to be determined based on the actual situation.
