EURGBP: ⬆️ Buy
- EURGBP reversed from the support area
- It is likely to rise to the resistance level of 0.8685
The EURGBP currency pair recently reversed from the support zone between the strong long-term support level of 0.8620 (which the price has repeatedly reversed since the beginning of 2025), the daily Bollinger Band lower and the 50% Fibonacci retracement of the bullish impulse from May.
A bullish reversal from this support area stopped IM wave 3 of the active intermediate IM wave (C).
Given the strength of the support level 0.8620 and the daily stochastic indicator is oversold, the EURGBP is expected to rise to the next resistance level 0.8685.
