FX.co ★ dare.jammie | EUR/GBP

EUR/GBP Н4 Most likely my guesses were correct and now the pair is trading in a sideways range with the boundaries of this range being the support and resistance levels at 0.8630 and 0.8650. The moving average is currently above the quotes and this could act as resistance that will push the quotes below the support. If the quotes drop below the support and manage to stay below that level, it will be a continuation of the southern direction. Otherwise, they will head back to the resistance, continuing the sideways movement within this corridor. Wishing everyone profitable trades.