FX.co ★ Technical Analysis of Intraday Price Movement of EUR/GBP Main Currency Pairs, Monday January 30, 2023

Even though the EUR/GBP currency pair is currently being dominated by sellers who aim to bring this currency pair down to a level of 0.8743 on the 4-hour chart, the EUR/GBP needs momentum to continue its decline so that in the near future this currency pair has potential to be corrected upwards to the level of 0.8782 where this has been confirmed by the emergence of deviations between price movements and the MACD Histogram indicator where as long as the upward correction does not exceed the level of 0.8804, EUR/GBP still has the opportunity to continue its decline to the level of 0.8743 again.

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