16
The EURGBP continues to trade within a bearish channel, with the price showing a clear negative trend after facing resistance at the additional barrier around 0.8360. This has resulted in a series of negative price movements, leading to a current settlement near 0.8315. Major technical indicators are aligning to provide bearish momentum, signaling further downside potential in the near term.
The outlook suggests additional losses, with the pair likely to move toward the 0.8285 level, followed by further pressure on the 0.8250 support.
Advertisements
The expected trading range for today is between 0.8250 and 0.8330.
Advertisements
Trend Forecast: Bearish
You Might Be Interested In
