FX.co ★ EUR/GBP Intraday Technical analysis

The spot rates approaches the upper limit of its medium-term bearish channel to 0.8820. A break of these levels would free a significant potential and begin a rising trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 0.8820 with a 1st objective of 0.8880, then 0.8900. A break in 0.8800 would invalidate this scenario.