Photo by Christopher Bill on Unsplash
Looking at EURGBP Chart, we can see the downtrend since the 11th of February where it fell from the 0.844 price range to 0.836 where it showed signs of a slowdown and on the 15th of February it managed to form support at 0.835 level. Since then, it rallied up to the 0.84 level but was unable to hold on and consolidate it retracted back down again to the 0.836 price range where it is currently found trading. The closest support level can be found at the 0.835 range and the overhead resistance level at the 0.84 range.
Today we could expect a continuation of the trend and a move below the 0.835 support level.
If however, it manages to hold above the 0.836 range then a move towards the 0.84 overhead resistance could be expected.
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