EURGBP: A Multi-Time Frame Analysis
EUR/GBP recently tested a strong resistance zone near 0.8440, prompting a notable price reaction. Based on historical price behavior, there is potential for the pair to move downward again.
The bearish momentum could gain further support from tomorrow's Bank of England (BoE) decision, which may influence market sentiment and drive additional movement in this currency pair.
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EUR/GBP recently tested a strong resistance zone near 0.8440, prompting a notable price reaction. Based on historical price behavior, there is potential for the pair to move downward again.
The bearish momentum could gain further support from tomorrow's Bank of England (BoE) decision, which may influence market sentiment and drive additional movement in this currency pair.
You may watch the analysis for further details!
Thank you!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade active
Note
EURGBP: Target 1 reached
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.