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MCby u/mei.choi·1dAnalysis

$EURGBP retesting 0.8540 as a key zone

Watching $EURGBP closely around the 0.8540 area. It seems to be retesting this level, which has been a point of contention previously. If it can hold above 0.8540 consistently, then I'd be looking for a potential move higher towards 0.8560. However, a decisive break and close below 0.8530 on a daily might invalidate that scenario, potentially opening the door to a move back towards the 0.8500 psychological level. It's a tricky spot, and I'm not making any firm commitments yet, just observing the reaction here.

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1 Comments

THu/thanawat93·1d

That's a good observation on EURGBP. I'm curious, what makes you identify 0.8540 as a key zone specifically? Is it based on past support/resistance or something else?

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