EUR/GBP New York Price Forecast: Euro confined in small ranges, trades near 0.8740 level

 

 

EUR/GBP is trading within familiar ranges as the spot is trading below the 0.8750 level and the 200 SMA on the four-hour chart. EUR/GBP is currently trading sideways with little to no directional bias. However, the overall bias remains tilted to the downside and a daily close below the 0.8700 figure can attract further selling. On the flip side, a break above 0.8800 figure can lead to more up.