Eurgbp declined off the .8772 peak within a falling channel
(as shown on the weekly chart) to post a new YTD low at .7959 before correcting.
The pair is probing below the 12-day rising consolidation channel support to
expose .7959 (please refer to the 240min chart). Below there would confirm
bearish continuation towards .7886/.7810. Eventually the pair could retest the
.7694/.7755 6-year support zone (as shown on the monthly chart)
On the upside, back above the .8036 area and then the
4-month falling trendline (orange) would stabilize.
EURGBP 240 minute chart
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