The EURGBP tends to resume the decline – Forecast today – 16-4-2024

EURGBP Price Analysis

Expected Scenario

• The EURGBP pair confirmed its affection by the domination of the bearish bias by moving away from the bearish channel’s resistance at 0.8567.
• To notice providing strong negative pressures on 38.2% Fibonacci correction level at 0.8528.
• We expect to get more negative momentum by the major indicators to break the current obstacle and open the way to target more negative stations by moving towards 0.8490 followed by 0.8448 levels.

Expected Trading Range

Between 0.8550 and 0.8490.