FX.co ★ EUR/GBP

As of today, the EUR/GBP currency pair continues to move within a descending channel, which indicates that sellers still maintain control. After an attempt to stay below the 0.8550 level, a pullback began. I expect that in the near future the price of the pair will move roughly within the 0.8550–0.8580 range. At the moment, the 0.8580 level is the nearest resistance; if the price manages to break above this level, it could be one of the first signals that a move toward 0.8630 is likely to begin, although a pullback may also occur. However, it is important to note that the price is currently below this point, so the priority movement remains bearish.