Сross-rate signals: EUR/GBP resumes a decline

The EUR/GBP pair slowed down the decline, thereby restraining itself after a restrained correction on the growth of uncertainty on the final Brexit date. But on the confirmation of the postponement of the Brexit date to January 31 and the reduction of uncertainty, this pair has every reason to continue the three-month downtrend.

The resumption of sales of the GBP/USD pair can be expected below the level of 0.8600, which opens the way to support levels: 0.8540 and 0.8500.

Resistance is located at 0.8620 and 0.8640.

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Hanzenko Anton

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