EURGBP completed the previously anticipated bearish move, reaching 0.8370 and approaching strong demand zones around 0.8360. This area represents an important support level for confirming the overall direction of trading in the short and medium term.

 

If the price holds above current support, it may move sideways while gathering the positive momentum needed to begin recovering its losses, gradually advancing toward 0.8415 and 0.8460. However, a break below current support, followed by a four-hour close that remains below it, would confirm a new bearish phase, potentially exposing the pair to further losses toward 0.8325.4

 

The expected trading range for today is between 0.8360 and 0.8415

 

Trend forecast: Bullish