The euro currency is still trading under the 0.8600 level against the British pound as a bearish head and shoulders pattern continue to form. The one-hour time frame shows that a drop under the 0.8480 level is required to activate the mentioned bearish price pattern. Any moves above the 0.8600 area still provides a selling opportunity in expectation of further weakness.
The EURGBP pair is only bullish while trading above the 0.8600 level, key resistance is found at the 0.8620 and 0.8640 levels.
EURGBP pair is only bearish while trading below the 0.8600 level, key support is found at the 0.8580 and 0.8560 levels.
