During the previous trading session, EURGBP demonstrated downward dynamics. On a longer time-frame, the upward trend still prevails.
The support and resistance levels:
The nearest support is set at the 0.86988 mark.
This level is formed by the Bullish Belt Hold pattern. It consists of one candle with a long white body. Its opening is at the day’s low. This pattern occurs after a downward movement and indicates a potential price growth.
The nearest resistance is set at the 0.8742 mark.
The pattern formed here is Three Outside Bars Down. This pattern is a combination of three Japanese candlesticks. The first candlestick has a short white real body, the second candlestick has a long black real body and completely engulfs the first candlestick, and the third candlestick is also black, closing below the second candlestick.
Trading recommendations:
The price movement dynamics for a longer period of time as well as the latest signals on the chart indicate the long positions opening intraday. The entry points can be considered from the nearest support levels.
EURGBP H1: The Price Action Forecast for the European Session on 6.4.2026






