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Bearish Pressures for EURGBP Continues

FTD Limited by FTD Limited
February 18, 2021
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Bearish Pressures for EURGBP Continues
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EURGBP Daily Chart

EURGBP has extended its fall to the 0.8675 support after breaking 0.8865. If the price breaks 0.8675 too, downward pressures may continue until 2020’s bottom, 0.8275.

Until the 0.8675 is broken, however, a correction to the upside may happen, at least to 0.8740. Long-time support 0.8865 now may become a key resistance in the medium-term.

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