FX.co ★ dare.jammie | EUR/GBP

Considering the EUR/GBP pair on a 15-minute chart. The pair traded above the 0.85861 level. Near the lower boundaries of the range, selling volume was accumulating, suggesting that the pair would move lower towards the 0.85681 support. After the support was broken with increased selling volume, I anticipated a further downside move. However, the pair reversed and retested previous correction highs. Selling volume was accumulating within the range. Once again, I assumed it would move lower, especially considering the expected downtrend on higher timeframes. The downward movement continues without resistance from sellers, leading me to believe that the pair will move lower towards the 0.85413 support.