EURGBP rose on Thursday, and the technical bias is bullish due to higher highs in the recent uptrend.
The pair is currently trading near 0.86310, and multiple resistance levels can be seen which may prevent the price from rising further.
- Resistance level 1: 0.86470
- Resistance level 2: 0.86600
- Resistance level 3: 0.86720
Below the price, multiple support levels can be seen which may prevent the price from falling.
- Support level 1: 0.86240
- Support level 2: 0.86120
- Support level 3: 0.85950
The European Central Bank will announce the latest interest rate decision data today. The Hawkish remarks and the decision to raise interest rate indicate that it is beneficial to the Euro, so the EURGBP pair is bullish, and vice versa.
Looking at the current price and economic development, it may be a good trading decision to buy the EURGBP pair near the current level.