The EUR/GBP pair has been trending downwards since Friday, the 1st of April 2016, with the price falling from as high as 0.8019 to as low as 0.7959.
During the opening of the session today, the pair price open at 0.8012, with the price later dropping down to 0.7959. As of writing the pair price is trading at 0.7964.
In the event that the sellers keep exerting strong pressures and the price breaks below 0.7941, profit targets could be set at 0.7916 and 0.7892 in extension.
On the other side, in the scenario where the buyers manage to push the price above the level of 0.7982, the price could rise up to 0.7996 and 0.8019 respectively.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.