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Forex

EUR/GBP Plunges Below Key Level Amid Diverging Monetary Policy Expectations

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EUR GBP
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The EUR/GBP currency pair has fallen below the key level of 0.8550, intensifying bearish momentum and indicating further downside potential.

This decline is part of a downtrend that began in late 2024, with technical indicators suggesting sellers maintain control.

The Relative Strength Index (RSI) remains in negative territory, reinforcing the bearish setup.

The immediate support level lies at 0.8500, followed by 0.8450, which was a previous low.

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