On the currency pair EURGBP appeared two lower lows and if the downward movement will be continued, also 2 lower peaks. Price from yesterday testing a resistance zone near 0.8626, which until quite recently was the support.

In that area there were three candles with long upper wick indicating the advantage of supply. It is therefore a significant probability of further declines, where the next objective will be the support area near 0.8583, and closed below it would be another good confirmation of a new downtrend.

1908-EURGBP


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