⚠️ EUR/GBP – Caution: Multi-Year Low at Risk!

The EUR/GBP downtrend has been largely driven by carry traders in recent months. Now, the currency pair is approaching a critical support zone, which could play a decisive role in its future price action.

Technical Outlook: Key Level at 0.8265

The 0.8265 zone has repeatedly acted as strong support in recent years. In the past, this level has triggered multiple rebounds of over 1,000 ticks.

✅ Bullish Scenario:

If the support holds, an upward reaction could follow.
A rebound from this level could push the pair toward 0.8400 and beyond.

⚠ Bearish Scenario:

A break below 0.8265 would breach the multi-year low and could trigger strong downside momentum.
In this case, further declines toward 0.8150 or lower may become realistic.

Conclusion

EUR/GBP is at a critical turning point. The reaction to the 0.8265 level will determine the next move—either a strong rebound or a breakdown to new lows.

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