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EUR/GBP Weekly analysis ( March 20-24)

Daily chart analysis
The EUR/GBP pair will continue in a downtrend if falls below EMA 200 (0.8599), according to the daily chart. The MACD is near a negative mode. A possible target for this currency pair may be Fibo 23% (0.8520), then 0.8424, in order to form a triangle.

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8 hour chart analysis
According to the 8 hour chart, the MACD is in negative territory. The downtrend may continue for this pair if the price reaches Fibo 50% (0.8626).

EURGBP8h page 001

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