EURGBP analysis and expected retracement zones

Best Buying Zones for EUR/GBP

 

The EUR/GBP pair is currently moving in a corrective downtrend

on the daily timeframe, and is targeting

the daily buying zone around 0.8696

which is considered the most important buying zone at the moment.

 

Expected Targets


If the price falls to the specified demand zones on the daily timeframe,

we expect to see a return to the upward trend

targeting the supply zones above near 0.8822.

However, if the demand zones are broken, 

we may see a continuation of the decline

towards the next support zones near 0.8606.