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From what is seen on the 4-hour chart, the EUR/GBP cross currency pair appears to be moving above the EMA (100), which indicates that Buyers dominate the currency pair, so that in the near future, as long as there is no weakening correction that breaks and closes below the 0.8521 level, EUR/GBP has the potential to appreciate and rise to the 0.8613 level. If this level is successfully broken and closed above it, EUR/GBP will continue to strengthen to the 0.8648 level as its main target, and if volatility and momentum support it, then 0.8712 will be the next target.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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