FX.co ★ EUR/GBP

In the EURGBP currency pair, once again we are stuck in a narrow range. Buyers tried to gain a foothold above 0.8575, but so far it hasn’t worked out, although I tend to think that they will start implementing this plan after the flat ends. After consolidating above 0.8575–0.8590, a rise to 0.8605 becomes realistic, and then it will be possible to head towards 0.8620, 0.8635 and 0.8650. The upside scenarios will be canceled if sellers manage to push the EURGBP price back below 0.8545. After consolidating below 0.8545, it will be possible to move down to 0.8530 and 0.8515, and if these levels are also broken, then it may drop to 0.8500, 0.8485 and 0.8470–0.8455, and after that it will be necessary to assess the prospects based on the actual situation.