EURGBP Wave Analysis – 9 April 2025

EURGBP: ⬆️ Buy

– EURGBP broke the resistance zone

– Likely to rise to resistance level 0.8700

EURGBP currency pair recently broke through the long-term resistance zone located between the resistance levels 0.8625 (multi-month high from last August) and 0.8645 (strong resistance from April of 2024).

The breakout of this resistance zone accelerated the c-wave of the active weekly upward ABC correction 4 from the end of September.

Given the strongly bearish sterling sentiment seen recently, EURGBP currency pair can be expected to rise to the next resistance level 0.8700 (earlier resistance from December of 2023).

Source: https://fxpro.news