EURGBP dropped below the major support of 0.8860 and it is currently moving around 0.8830



There are certain concerns that a strong EUR is not something desirable in Europe and as an ECB member said yesterday “EUR strength would take prominence for the central bank if it threatens its inflation” and “We have the tools to act on EUR strength.””

On the other hand, GBP seems strong enough during the last weeks, especially GBPUSD is very close to a 2-year high price.
Our models predict that there’s a 67% probability for EURGBP to test the first important support at 0.8670 very soon on its possible way to 0.85

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