EUR/GBP Forecast Today: The Euro Attempts to Continue Recovering

29 июл.

The Euro initially fell during the trading week, testing the 0.84 level. At that point, the market reversed, showing signs of life and ended up being very bullish. By doing so, the market formed a hammer pattern for the week at an exceptionally low level, suggesting that the Euro could become a real value.

If we manage to surpass the 0.85 level, it would be a very bullish turn of events, potentially attracting even more participants into the market. On the other hand, if we break down below the 0.84 level, it is likely that the market will target the 0.83 level below.