EUR/GBP Technical Analysis: Downtrend Resumption Confirmed
Wednesday, 2 October 2024, 07:25
Technical Analysis Reveals Downtrend Resumption
In the latest EUR/GBP price forecast, technical analysis reveals that the pair has concluded its corrective pullback and resumed its downtrend. Notably, EUR/GBP has breached the 0.8317 September 24 low, solidifying a critical lower low.
Future Price Targets
This movement confirms an extension towards a subsequent target at 0.8287. Traders should watch for potential confirmations of further bearish momentum, which could present strategic opportunities.
- Current Trend: Downward movement confirmed.
- Key Level: 0.8317 as a significant resistance point.
- Next Target: 0.8287 anticipated.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.