Could EUR/GBP continue rising towards the 0.8650 level?

AAATrade Team AAATrade

EUR/GBP

Looking at EUR/GBP’s chart, we can see that the FX pair is traded 20 pips below its resistance level at around £0.8580, a level which it failed to pass in the past days. Today, if it fails to break though the rate of £0.86, then we could expect it to drop further towards its next support level at around £0.8550 otherwise it should continue rising towards its next resistance level at around £0.8640-0.8650.

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AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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