Categories: Technical analysis

EURGBP Wave Analysis – 4 April 2025

EURGBP: ⬆️ Buy

– EURGBP broke resistance area

– Likely to rise to resistance level 0.8500

EURGBP currency pair recently broke the resistance area located between the resistance level 0.8450 (which has been reversing the price from September), resistance trendline of the daily down channel from November and the 50% Fibonacci correction of the downward impulse from March.

The breakout of this resistance area should strengthen the bullish pressure on this currency pair.

EURGBP currency pair can be expected to rise to the next resistance level 0.8500 (former yearly low from 2023 and strong support from the start of 2024).

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

JPMorgan Chase Wave Analysis – 18 December 2025

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

9 hours ago

EURUSD Wave Analysis – 18 December 2025

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

9 hours ago

AUDJPY Wave Analysis – 18 December 2025

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

10 hours ago

Palladium Wave Analysis – 18 December 2025

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

10 hours ago

GBPUSD. Current situation #tradelikeapro #trading #tradingstrategy #tradingshorts #gbpusd #gbp

Today is Thursday, the 18th of December, and we'll be talking about the British pound…

15 hours ago

Bitcoin is holding, while Solana is on the edge

Bitcoin remains stable near $87K, outperforming altcoins, while Solana faces key support at $120. Institutional…

16 hours ago

This website uses cookies