A Strong Selling Opportunity for the EUR/GBP Pair Soon
The EUR/GBP pair is moving in a sideways direction, as shown on the chart.
The pair also rebounded from previous supply zones on the daily and 4-hour time frames.
It managed to break the minor uptrend on the 4-hour time frame,
forming new strong supply zones that are currently considered
the best areas for selling the pair.
The new supply zones are located at the 0.87240 level.
They are currently considered the best selling zones,
and a decline from them is expected
to targets set at the 0.86900 and 0.86400 levels.
The analysis failed to break through the supply zones
and close above them with a 4-hour candle.
