The EURGBP pair maintained its stability above support at 0.8360, attempting to reduce its losses and begin building a bullish corrective trend. The pair recently targeted 0.8395, but a lack of positive momentum pushed it lower again toward 0.8370.

 

We emphasize the importance of the price gathering positive momentum to sustain its stability above current support, which will increase the chances of targeting corrective levels starting at 0.8415 and 0.8455. However, a break below support and sustained trading beneath it would force the pair to incur further losses, initially targeting 0.8330.

 

The expected trading range for today is between 0.8360 and 0.8415

 

Trend forecast: Bullish