FX.co ★ dare.jammie | EUR/GBP

Hello, traders. EUR/GBP on the H4 chart has started to decline. Not very intensively yet, however, we have seen the first southern steps. We walked below the moving average, which is already a certain success for sellers, and the closure has also taken place, which is also a positive sign that bears can capitalize on. In general, it seems like a good time to add some salt here. The level is not superb, but I have doubts that prices will be suitable in the near future. A slight bounce upwards is still possible here, but not significantly, maybe towards 0.8710 approximately. I can't confirm a bounce higher yet, so we need to be content with these prices without expecting ideal highs. At the same time, I also have some not too distant targets to the south. Specifically, 0.8685, which is the area of last week's lows. How the pair will break out of the range is still unclear to me, as I don't see any very important news on the horizon.