Good day traders! Today we want to show you our daily chart analysis of the EUR/GBP pair, since it is behaving in an interesting way and we consider it important to take it into account.
🔸As we can see, for more than a year the price has been in a clear downtrend.
🔸All support zones along the way have been penetrated.
🔸About a month ago, the 0.8700 zone was broken, and then the price for almost 30 days was in a consolidation period.
🔸At this moment, it is generating a break in the bearish direction, which, if confirmed, could start the next impulse.
🔸The target of the movement is in the next support zone, at 0.83000. There is about 200 pips of travel towards that level.
Good day traders! Today we want to show you our daily chart analysis of the EUR/GBP pair, since it is behaving in an interesting way and we consider it important to take it into account.
🔸As we can see, for more than a year the price has been in a clear downtrend.
🔸All support zones along the way have been penetrated.
🔸About a month ago, the 0.8700 zone was broken, and then the price for almost 30 days was in a consolidation period.
🔸At this moment, it is generating a break in the
bearish direction, which, if confirmed, could start the next impulse.
🔸The target of the movement is in the next
support zone , at 0.83000. There is about 200 pips of travel towards that level.
