FX.co ★ EUR/GBP Intraday Technical analysis

The spot rate is currently testing the lower limit of its medium-term bearish channel at 0.8710 and seems to start a rebound. However a break of these levels would initiate a bearish trend more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 0.8710 with a 1st objective of 0.8780, then 0.8820. A break in 0.8690 would invalidate this scenario.