The primary trend direction in EURGBP is down and recent short-term gains are considered corrective. Key near-term resistance has been defined at 0.8658, the Jun 28 high. Clearance of this level would resume the recent uptrend and signal scope for a stronger correction towards 0.8719, the May 23 high. On the downside, the bear trigger lies at 0.8518, where a break would confirm a resumption of the downtrend.

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

Taso Anastasiou

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

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Trend Condition Remains Bearish