Participant

EUR/GBP is moving sideways from the start of this year and this range can continue further. The price has found support at the median line (ML) of the descending pitchfork, now the pair can decrease along this line or will try to reach the upper median line (UML) where we have an important resistance line. The pair is bearish on long term after breaking the major uptred line. I think that the price will grow on short and medium term from 0,698 when will reach this area because we have a confluence zone there and most likely will stop the price decline.
Till then we need a breakout from this range to have a clear direction on medium term.

eurgbp

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