Euro / Livre Sterling
Short

EUR/ GBP ! 10/31 ! resistance SELL NOW

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EUR/ GBP trend forecast October 31, 2024

EUR/GBP trades slightly lower near 0.8360 early Thursday in Europe, easing after gains from the previous session. However, the Euro may find support as investors reduce expectations for a large ECB rate cut in December, following stronger-than-expected economic data from the Eurozone and Germany on Wednesday. Focus now shifts to Thursday's release of the Eurozone HICP.

H1 resistance - selling pressure exists in this area, besides, today's EUR news data is also predicted by experts to be bad, creating conditions for price to decrease.

/// SELL EUR/GBP : zone 1.83780 - 1.83980

SL: 1.84250

TP: 60 - 120 - 200 pips (1.81980)


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