Looking at the daily EURGBP chart, we are dealing with an interesting technical situation. As for the H4 interval, last week the price hit a level not seen since February 2020. However, despite descending below the support zone at 0.8390, buyers quickly regained control. In addition, the aforementioned zone was tested again during today's session, where the hammer candlestick pattern appears, which, according to the classical technical analysis, may signal an upward correction. In such a scenario, nearest major resistance is located at 0.8460 and coincides with 38.2% Fibonacci retracement and previous price reactions. On the other hand, should the break below the support at 0.8390 occur, the sell-off could intensify.
EURGBP interval D1. Source: xStation5
Market Wrap: Rebound in China and Falling Oil Prices, France Leads EU Declines
Economic Calendar: Big tech earnings week and test for the AI rally (19.10.2026)
Daily Summary: Friday offers no relief; the US100 drops 2%🚨
Three Markets to Watch Next Week (October 16, 2026)