EURGBP

Key Indicators

• The current rebound still looks like a corrective bounce rather than a true bullish reversal. Unless buyers reclaim higher resistance levels with strong momentum, sellers remain in control.

Fundamental Context

The currency pair slightly rebounded from the previous losses. As of this writing, the pair trades at 0.8540. Fundamentally, EURGBP is expected to be extra volatile today due to a busy economic calendar, and all eyes remain on Thursday's ECB meeting outcome and press conference.