EUR/GBP Descending Channel: Will Bears Push Lower?
EUR/GBP daily chart displays a descending channel, indicating continued bearish momentum. The price is consolidating near the middle of the channel, facing resistance at the upper trendline.
A rejection at this level could lead to a decline toward the lower boundary, with a potential target near 0.8180–0.8200. If the price breaks below this lower trendline, it could signal further downside.
A rejection at this level could lead to a decline toward the lower boundary, with a potential target near 0.8180–0.8200. If the price breaks below this lower trendline, it could signal further downside.
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