Analysis and forecast for the currency pair EURGBP based on technical analysis Good day to everyone! After a relatively good growth last week, the euro against the British pound this week also significantly declined. At the moment, the price is trading below the resistance level at 0.8601, which is the March high, and therefore there is a high chance that it will act as a price ceiling in the near future. Furthermore, if the currency pair reaches the round level of 0.86, this level could be a good area to look for selling opportunities. The price may rise because on the four-hour chart, it is evident that the price has reached a sloping support line and in the short term, it may pull back slightly from it. Overall, I do not expect a major downtrend as the price has been moving within a range for a while, but revisiting the level at 0.8520 is quite possible.
Ulasan: