📊 Technical Analysis
● EUR/GBP has broken down from the rising channel, with price now correcting toward the channel’s lower support line—highlighting a shift from bullish to neutral-to-bearish momentum.
● A potential rebound is likely if support near 0.8611–0.8620 holds, which could pave the way for a recovery back toward 0.8695 resistance. Failure here opens the path toward 0.8600 or lower.
💡 Fundamental Analysis
● The pound has been bolstered by markets scaling back rate‑cut expectations, following a 5‑4 BoE split vote and cautionary tone on inflation and further easing.
● GBP is also supported by the weaker euro, amid investor concern over an uneven US‑EU trade deal that’s undermining confidence in euro‑zone strength.
✨ Summary
Buy from 0.8611–0.8620; target 0.8695. Setup invalid if price closes below 0.8600.
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● EUR/GBP has broken down from the rising channel, with price now correcting toward the channel’s lower support line—highlighting a shift from bullish to neutral-to-bearish momentum.
● A potential rebound is likely if support near 0.8611–0.8620 holds, which could pave the way for a recovery back toward 0.8695 resistance. Failure here opens the path toward 0.8600 or lower.
💡 Fundamental Analysis
● The pound has been bolstered by markets scaling back rate‑cut expectations, following a 5‑4 BoE split vote and cautionary tone on inflation and further easing.
● GBP is also supported by the weaker euro, amid investor concern over an uneven US‑EU trade deal that’s undermining confidence in euro‑zone strength.
✨ Summary
Buy from 0.8611–0.8620; target 0.8695. Setup invalid if price closes below 0.8600.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
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Crypto signals in telegram
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.