Hello traders, we want to check the EURGBP chart. After breaking the uptrend line, the price has pulled back to the specified key level. We expect this level to act as a resistance level and the price will fall to around 0.85400. Good luck.
The supply zone looks solid, as the price has respected it multiple times in the past. I suspect the price is below the Ichimoku Cloud, which is a good sign of bearish momentum coming to the market. The descending trendline resistance is another sign of bearish momentum, too. Let's see how the price reacts at the level in the coming market sessions.