EURGBP has been trading in a lower top lower bottom formation since December 2020; however it did experience a sharp rise since the first week of April signifying bottom formation below current levels. The pair is trading in a doji candlestick formation suggesting that the bearish trend is easing, indicating a rebound could be witnessed in the coming week. It is likely that EURGBP could rise towards 0.8620 and 0.8645 while it sustains above 0.8550.
Technical Analysis Team
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