EUR/GBP Price Prediction: Resumes bear trend after breaking decisively below range floor
Source Fxstreet
- EUR/GBP breaks below support from the floor of a six-week range.
- The pair resumes its long-term bear trend.
EUR/GBP has broken decisively below the base of a six-week range (red dashed line on chart) and is in free fall.
EUR/GBP Daily Chart
The pair is likely to fall substantially lower as the bearish trend resumes. The usual technical method of determining how far, is to take the height of the prior range and extrapolate it lower. A conservative estimate lies at the Fibonacci 61.8% extrapolation, at 0.8225.
A more optimistic forecast at the 100% extension, at 0.8171.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Historical data show a rising trend of US and European stocks in December. If the momentum is strong, fund managers may rush in with a buying frenzy.
In 2025, gold outpaced Bitcoin, slashing the BTC-to-gold ratio by half from 40 to 20 ounces per BTC.
The Bank of Japan (BoJ) will announce its interest rate decision between 03.30 and 05.00 GMT, followed by Governor Kazuo Ueda's press conference at 06.30 GMT.
Gold jumps above $4,440 as geopolitical flare, Fed cut bets mountGold (XAU/USD) rallies over 2% on Monday, reaching a record high of $4,442 amid rising geopolitical tensions and expectations that the Federal Reserve (Fed) will continue to reduce interest rates next year, pushing US Treasury yields lower.
Gold (XAU/USD) rallies over 2% on Monday, reaching a record high of $4,442 amid rising geopolitical tensions and expectations that the Federal Reserve (Fed) will continue to reduce interest rates next year, pushing US Treasury yields lower.
The anticipation of a bullish 2026 for the crypto market faces obstacles, despite 2025's success attributed to favorable regulatory actions and increased acceptance of digital assets by Wall Street.
