EURGBP should fall like hell. This pair has been growing since May 4th without strong corrections. There was no such strong growth for 2 years. Now the price in the sales zone, touched the resistance line on D1 and made a false breakdown of the resistance level 0.8985. BXY (pound index) hit a 2-year low. 3 scenarios for a medium-term deals: 1) Go to the resistance level 0.8985 and fall to 0.888 2) We break through the support level of 8956 and enter on the rollback to it with the target of 0.885 3) We break through the support level of 0.8956 and go down to the level of 0.888
I think too fast to expect EURGBP for bearish. This pair could be range bound at upper ceiling and bearish will be consistently seen after GBP-pegged pairs turned to upward at their new lower ceiling
Dave-FX-Hunter
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For now it can still move a bit higher
Alibanihashemi
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Johanes
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Likely EURGBP will fall in hell after GBP-pegged pairs reached their lower ceiling and turned to upward/bullish.