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MEDIUM IMPACT FXStreet · May 11, 06:45 AM

EUR/GBP Price Forecast: Resistance around 0.8655 keeps holding bulls

The Euro (EUR) opened the week on a moderately soft note against the British Pound (GBP). The pair pulls back to the 0.8650 area at the time of writing, from session highs near 0.8660, although it maintains a mild constructive tone intact, after bouncing from 0.8620 lows last week.

SIGNALPRO AI · WHAT'S LIKELY TO HAPPEN
BULLISH 65% confidence

The EUR/GBP is likely to test the resistance at 0.8655 again, with potential for a breakout if bullish momentum continues. However, if it fails to break above this level, a pullback towards 0.8620 may occur.

AI-generated analysis. For educational purposes only — not financial advice.

The Euro (EUR) opened the week on a moderately soft note against the British Pound (GBP). The pair pulls back to the 0.8650 area at the time of writing, from session highs near 0.8660, although it maintains a mild constructive tone intact, after bouncing from 0.8620 lows last week.

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