Categories: Technical analysis

EURGBP Wave Analysis – 27 March 2025

EURGBP: ⬇️ Sell

– EURGBP broke support area

– Likely to fall to support level 0.8300

EURGBP currency pair recently broke the support area between the key support level 0.8350 (which has been reversing the price from the start of March) and the 38.2% Fibonacci correction of the upward wave 2 from the end of February.

The breakout of this support area accelerated the active impulse wave iii of the higher impulse waves 3 and (3).

Given the strongly bullish sterling sentiment, EURGBP currency pair can be expected to fall to the next support level 0.8300.

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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Tags: EURGBP

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