Categories: Technical analysis

EURGBP Wave Analysis – 21 November 2025

EURGBP: ⬇️ Sell

– EURGBP reversed from resistance level 0.8860

– Likely to fall to support level 0.8740

EURGBP currency pair recently reversed from resistance area between the resistance level 0.8860 (former weekly pivot from the start of 2023) and the upper weekly Bollinger Band.

The downward reversal from the resistance level 0.8860 stopped the previous weekly impulse wave 3.

Given the strength of the resistance level 0.8860 and the overbought weekly Stochastic, EURGBP currency pair can be expected to fall to the next support level 0.8740 (former top of weekly waves (1), 1 and 3).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: EURGBP

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