EURGBP Chart Analysis Update

As you see, there is a downtrend with lower lows and lower highs BUT price is approaching to the demand zone around 0.8630-0.8600. Moreover, although the previous low has been broken, MACD couldn’t make lower lows and also shows a positive divergence which means there is less downside pressure and price can start to rise from that point. On the other hand, IF price didn’t rejected by this level, we can expect more drop to the next marked demand zone which is very far and long-term! So, let’s see how today’s candle will be closed. What is your view on this pair guys? Please share your comments and thoughts with me. Good luck and have a nice weekend 🤗🙏🏻