EUR/GBP Daily Outlook: Neutral Bias with Key Support Levels
Wednesday, 10 July 2024, 06:38
EUR/GBP Daily Outlook: Forecast & Analysis
The intraday bias for EUR/GBP remains neutral with unchanged outlook. Sustained trading above the 55-day EMA at 0.8495 may lead to an extension of the recent rise from the short-term bottom at 0.8396 to the key resistance at 0.8529.
Conversely, a break below the support level at 0.8493 indicates a completion of the corrective recovery, shifting the bias to the downside for a retest of the low at 0.8396, potentially resuming the larger downtrend.
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.