EUR/GBP continues to falls and some corrective movements

The EUR/GBP has had a short bearish’s way into the H1 chart, but now it seems that this pair wants to recover.

EUR/GBP is forming a higher low pattern below the resistance level of 0.8316. It is very likely that this pair fall to the weekly support level of 0.8291. However, if the pair manages to break the 0.8316 level, it’s expected to rise up to the monthly pivot at 0.8346 level, which would be a sharp turnaround in the medium term.

The MACD indicator remains in negative territory and EUR/GBP remains debajod and the 200 SMA on the daily chart, so the bearish outlook still alive.

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