EUR/GBP is currently consolidating between a well-defined support zone near 0.8785–0.8790 and resistance around 0.8815–0.8820 on the 15-minute chart. Price has recently moved down from the resistance zone and is now testing the support area, where buyers have previously stepped in.
If bullish momentum builds from this support region, a reversal to the upside could occur, signaling a potential long opportunity. The first target would be a retest of the 0.8820 resistance zone, and a breakout above that level could open the way toward the 0.8840–0.8850 range.
However, if the price fails to hold above support and breaks below 0.8780, bearish continuation could follow toward 0.8760. Traders should monitor price action for bullish reversal candles or volume confirmation at support before entering long positions.
Summary: EUR/GBP is at a critical decision point — holding support favors a bullish move toward resistance, while a breakdown signals renewed bearish pressure.
If bullish momentum builds from this support region, a reversal to the upside could occur, signaling a potential long opportunity. The first target would be a retest of the 0.8820 resistance zone, and a breakout above that level could open the way toward the 0.8840–0.8850 range.
However, if the price fails to hold above support and breaks below 0.8780, bearish continuation could follow toward 0.8760. Traders should monitor price action for bullish reversal candles or volume confirmation at support before entering long positions.
Summary: EUR/GBP is at a critical decision point — holding support favors a bullish move toward resistance, while a breakdown signals renewed bearish pressure.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.