A potential upward move for the EUR/GBP pair is expected

The EUR/GBP pair continued its decline and correction, reaching new demand zones near 0.86470, which were established after the break of the downtrend line shown on the chart.

A return to the upward trend is currently anticipated, as the current demand zones are considered among the most important buying areas for the pair and coincide with strong technical support levels. Therefore, the opportunity to rise from these current levels is considered very high.

Expected Targets

If the price rebounds from the current demand zones and rises, the levels shown on the chart near 0.86800 and 0.87200 are expected to be targeted.

This analysis will be invalidated if the price breaks below these demand zones and closes below them with a daily candle.