Forex Market: EUR/GBP daily outlook

Written by Miroslav Marinov

Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.

, | Updated: October 30, 2024

During yesterday’s trading session EUR/GBP traded within the range of 0.8335-0.8394 and closed at 0.8359.

At 7:40 GMT today EUR/GBP was losing 0.05% for the day to trade at 0.8360. The pair touched a daily low at 0.8352 at 1:55 GMT.

Fundamental view

No relevant economic indicators and/or events are scheduled for announcement today from both the Euro zone and the United Kingdom.

Technical view

According to Binary Tribune’s daily analysis, in case EUR/GBP manages to breach the first resistance level at 0.8390, it will probably continue up to test 0.8422. In case the second key resistance is broken, the pair will probably attempt to advance to 0.8449.

If EUR/GBP manages to breach the first key support at 0.8331, it will probably continue to slide and test 0.8304. With this second key support broken, the movement to the downside will probably continue to 0.8272.

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Fundamental view

Technical view

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