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EUR/GBP Price Movement On August 13, 2020.

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The EUR/GBP pair is moving sideways now. This pair is on the way to the 0.9013 - 0.8991 range. This downward retrace is already confirmed by the William %R Oscillator that is already above the Overbought level (-20). As long as the EUR/GBP pair is not going to move back and resume the uptrend to close above the 0.9052 level, all levels below the current price will act as the target.

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The material has been provided by InstaForex Company - www.instaforex.com