EURGBP Extends Downside Move, Potential Targets

EURGBP has continued its downside move from 0.8714 and reached as low as 0.8586. As long as the price remains below the 0.8620 resistance level, the downside move could be expected to continue. The next potential target for the pair would be around 0.8570, followed by the previous low at 0.8548.

On the upside, a breakout above the 0.8620 resistance level would indicate that the downside move has completed. In this case, the pair may find the next resistance level at 0.8639.