EURGBP Testing a Key Support Zone with Possible Retest of 0.840

Feb 4

EUR/GBP Testing a Key Support Zone with Possible Retest of 0.8400

EUR/GBP is currently testing a key support zone, and a retest of 0.8400 is possible.
The pair previously tested a strong resistance zone near 0.8300 and bounced back up.

This area has been tested multiple times in the past, demonstrating the presence of well-positioned buyers who are reluctant to let the price move down further.

However, if President Trump makes any comments related to tariffs on the UK, it could push EUR/GBP up further, as the pair typically moves slowly.

Key resistance areas are located near 0.8360 and 0.8400.

You may find more details in the chart!
Thank you and Good Luck!

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Feb 6

Trade active

Today BOE is Expected to Cut Rates

The Bank of England is expected to cut interest rates by 25 basis points to 4.50% This may support EURGBP growth from the current zone

Feb 6

Note

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