FX:EURGBP   Euro / British Pound
1 hour
GBP is on the path for more weakening. Around price 0.8694 we can notice some resistance where bears come in. If those bears continue pushing prices down, we can expect some support around level 0.8233 and 0.8415 where bulls will come on the scene again. If everything plays according those forecasting, we can expect that price will come around 0.9128- 0.9318 level.
he support at the price of 0.8233 holds very well.
If the price does not break this level 0.8233 we can expect growth of the euro and a further weakening of the pound.