EUR/GBP Price Analysis: Remains subdued and oscillates above 0.8600 amid risk-off impulse

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EUR/GBP Price Analysis: Remains subdued and oscillates above 0.8600 amid risk-off impulse
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The EUR/GBP extended its losses to five straight trading days and hovers at around the September 28 swing low of 0.8629, amidst a risk-off impulse cou

EUR/GBP encounters resistance, lingering below the pivotal 200-DMA of 0.8700, spotlighting downside risks. A breach below 0.8605 could unlock further descent, targeting September lows and potentially the YTD low. Recovery above 0.8658 may pave the way for a test of the crucial 0.8700 psychological and technical barrier. rtesy of the escalation of the fight between Hamas and Israel, set to extend for the fourth straight day. Therefore, the EUR/GBP edges lower by 0.

8523. Once those levels are cleared, up next would be the year-to-date low of 0.8492. Conversely, If EUR/GBP buyers reclaim the October 9 daily high at 0.8658, that would open the door to test the confluence of the figure and the 200-DMA at 0.8700. A decisive break would expose the May 3 high at 0.8834. EUR/GBP Price Action – Daily chart EUR/GBP Key Technicals EUR/GBP Overview Today last price 0.8636 Today Daily Change -0.0017 Today Daily Change % -0.20 Today daily open 0.

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