➡️ The EURGBP currency pair will most likely continue its downward path. Fundamentally, the Pound is supported by expectations of a rise in interest rates, prices in the UK are rising and people are more willing to spend. One of the reasons the key rate is still at its lowest is because of the risk to the labor market. The rate hike will lead to a rise in the cost of loans and may force the business to slow down with the expansion and introduction of new jobs.
Technically, the pair is also looking down. As long as the price is below 0.84576, you don’t have to think about buying. The SELL Entry Point Area is shown on the chart and, as always, the most approximate trade parameters are in front of you.
🔔 Proposed deal for this tool🔔:
🔴Entry Point – 0.84379
⛔️Stop Loss – 0.84659
✅Take Profit – 0.83812
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