2024-12-16 20:39
IndustryEUR/GBP: Consolidation with Upside Potential
Long-Term View
EUR/GBP remains in a broad consolidation phase, nearing key support at 0.830–0.8250. This area could stabilize the pair, signaling a potential bottom formation.
Technical Outlook
The movement suggests a wedge pattern, often indicating a trend reversal. A breakout above 0.8374 would confirm the low and open the path for a bullish recovery in 2025.
Key Levels
Support: 0.8300–0.8250
Confirmation: 0.8374
Conclusion
EUR/GBP may be forming a base near support. A breakout above 0.8374 would confirm a reversal and signal potential upside ahead.
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Index
EUR/GBP: Consolidation with Upside Potential
Hong Kong | 2024-12-16 20:39
Long-Term View
EUR/GBP remains in a broad consolidation phase, nearing key support at 0.830–0.8250. This area could stabilize the pair, signaling a potential bottom formation.
Technical Outlook
The movement suggests a wedge pattern, often indicating a trend reversal. A breakout above 0.8374 would confirm the low and open the path for a bullish recovery in 2025.
Key Levels
Support: 0.8300–0.8250
Confirmation: 0.8374
Conclusion
EUR/GBP may be forming a base near support. A breakout above 0.8374 would confirm a reversal and signal potential upside ahead.
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