EURGBP Chart Technical Outlook to continue lower on Hawkish BoE
EUR/GBP broke a support line that was this year’s low so far and reached the 100% Fibonacci extension level touching a lower trendline.
I expect the pair to retest the broken level to bounce lower later.
Today, BOE is scheduled to release its interest rates decision with an expected 25 bps hike. A hawkish hike will help the pair to continue lower.
Resistances: 0.7810, 0.7835
Supports: 0.8665, 08615