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.

Share
Published by
The FxPro Tech Analysis Team
Tags: EURGBP

Recent Posts

Central banks did not scare the dollar

•    Central banks prefer to pause. •   The strengthening of the dollar prevented gold from…

46 minutes ago

The crypto market is updating its lows but avoiding sharp changes

Market Picture The crypto market set another trap for bulls yesterday afternoon, jumping to $3T…

2 hours ago

JPMorgan Chase Wave Analysis – 18 December 2025

JPMorgan Chase: ⬇️ Sell - JPMorgan Chase reversed from resistance area - Likely to fall…

12 hours ago

EURUSD Wave Analysis – 18 December 2025

EURUSD: ⬇️ Sell - EURUSD reversed from resistance area - Likely to fall to support level…

12 hours ago

AUDJPY Wave Analysis – 18 December 2025

AUDJPY: ⬆️ Buy - AUDJPY reversed from support area - Likely to rise to resistance…

13 hours ago

Palladium Wave Analysis – 18 December 2025

Palladium: ⬆️ Buy - Palladium broke multi-month resistance level 1600.00 - Likely to rise to resistance…

13 hours ago

This website uses cookies