EUR/GBP Continues Downward Trend

EUR-GBP

The EUR/GBP pair has continued its downward trend, breaking below its 20-day SMA and reaching multi-week lows. The technical indicators, such as the RSI and MACD, confirm the bearish sentiment, indicating increasing selling momentum.

Key Technical Levels:

  • Support: 0.8300, 0.8275, 0.8250
  • Resistance: 0.8330, 0.8350, 0.8375

A break below the 0.8300 level could lead to further downside potential. Traders should monitor these key support levels and be prepared for increased volatility in the near term.

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