Forex analytics and overview
EUR/GBP: Pair Could Move Below The Closest Temporary Support
2022.04.04 13:21
Looking at the EUR/GBP chart, we can see the climb from the 0.832 level on Mar. 28 to the 0.848 range on Mar. 20, reaching as high as 0.851. Still unable to move higher or consolidate at that level, it retracted from the high to the 0.842 range.
It traded steadily, between temporary support around the 0.84 range and closest temporary overhead resistance at the 0.844 range. It was last found trading at the 0.84 range.
Today, we can expect a move below the closest temporary support level of 0.84, somewhere in the 0.838 range. If, however, it manages to hold to the current level, then a move towards the closest overhead resistance of 0.844 can be expected.
EUR/GBP price chart.
