EURGBP Short-term bearish outlook

Viewpoint: The first possibility of depreciation of the euro against the British pound to profit levels

Comment:

Euro price reached the resistance level of 0.86108 in the one-hour time frame after the interest rate news
Candlestick pattern in shooting star four-hour and one-hour time frames

Trade closed: target reached:

According to the previously mentioned possibilities, the price is close to the demand area and the reaction will return in the short term, the possibility of a further decrease to the overlapping level of the support of 0.85234 with the demand area.

Comment:

According to the previous statements, the price of the euro against the British pound has reacted back and reached close to the supply and resistance range of 0.86108. First, in the short term, we will see a decrease in the value of the euro against the British pound to the overlapping level of the demand and support range of 0.85234.
Note: Within the target demand range, the profit level is 0.85354