0,7888. EUR GBP is in an downtrend directed by 1H exponential moving averages. EUR GBP is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR GBP. The consolidation should continue. The price should find a support above 0,7850 / 0,7830. We won't take a position. The risk/reward ratio is too high to take a position..
0,7900 - 0,7930
0,7850 - 0,7830