FX.co ★ EUR/GBP

It is worth noting that nothing has really changed for the EURGBP pair in the sense that we continue to trade within the same range, with volatility still relatively low. However, it is important to highlight that we still have a great short opportunity and there is room for further downside movement, as the area around 0.86, or a bit lower, has not disappeared. On the other hand, it would be nice to see the pair move higher first or have a more significant pullback. Also, we should not forget that today we will receive inflation data for the Eurozone. Overall, I am still leaning towards the short side, so if we climb back above 0.8725 and especially 0.8750, I will sell.