15.02.202304:38 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of EUR/GBP Cross Currency Pairs, Wednesday February 15 2023.

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On the 4-hour chart, the EUR/GBP cross currency pair can be seen that the price movement is continuing its decline to go to the target level 0.8771 as the main target and the 0.8721 level as the second target where this can be seen as confirmation from the movement of the candlestick moving below the moving average. because of the appearance of deviations in price movements with the MACD Histogram indicator, in the near future there will be a upward correction movement to test the 0.8836 level before returning to the original downward movement but the important thing is as long as the upward correction movement does not exceed the 0.8874 level, then a bearish scenario will occur. has been described is still valid.

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