The EURGBP begins to rise – Forecast today – 9-5-2024

EURGBP Price Analysis

Expected Scenario

• The EURGBP price succeeded to hold above 38.2% Fibonacci correction level that formed key support at 0.8532, to notice the beginning of forming strong bullish waves to surpass the MA55 and achieve 0.8617.
• Now, the continuous positive momentum coming by the major indicators allows us to keep the bullish overview that might target 0.8630 obstacle first, while surpassing it will ease the mission of achieving new gains by rallying towards 0.8660 and 0.8695 levels.

Expected Trading Range

Between 0.8580 and 0.8630