If we pay attention to the EUR/GBP price movements on its 4 hour chart It is clear that this cross currency pair is moving in a bullish channel and above its moving average where in the near future EUR/GBP is trying to break above the 0.8866 level as its main target and 0.9065 as its second target but considering the volatility and the number of participations There are still few market participants during the Christmas and New Year holidays, so it is wise to pay attention to the level below the current price, namely 0.8794 because if this level is broken, there is a high probability that the Bull scenario described earlier will cancel itself.
Relevance up to 05:00 2022-12-29 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
