EURGBP Technical Analysis Report 1 December, 2025
EURGBP currency pair be expected to rise in the active impulse waves 5 and (C) toward the next resistance level 0.8815, which has been reversing the price from the end of October .
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- EURGBP reversed from support area
- Likely to rise to resistance level 0.8815
EURGBP currency pair recently reversed up from the support area between the key support level 0.8750 (former strong resistance from April, July and September, as can be viewn from the daily EURGBP chart below), lower daily Bollinger Band and the 50% Fibonacci correction of the pervious sharp upward impulse from October. The upward reversal from this support area begined the active short-term impulse wave 5, which belongs to the intermediate upward impulse sequence (C) from the end of May.
Given the strong daily uptrend and the bearish sterling sentiment viewn today, EURGBP currency pair be expected to rise in the active impulse waves 5 and (C) toward the next resistance level 0.8815, which has been reversing the price from the end fo October as can be viewn from the daily EURGBP chart below .
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