Free Forex Signals

• EUR/GBP has broken out of a channel and closed below the lower channel line. 
• It will probably continue falling to bearish targets. 

EUR/GBP has broken out of the underside of a shallow rising channel. It has closed below the channel line suggesting the breakout will probably follow-through and go lower, possibly to a target at 0.8406.  

EUR/GBP Daily Chart 

It is possible the bearish bias evident during the steep fall in August is reaserting itself. A break below 0.8419 would provide confirmation of further downside toward a target at 0.8406, the 0.618 Fib extension of the height of the rising channel lower. Below that it is possible prices could fall to support at 0.8385. 

Alternatively, it is still possible – though unlikely – that the break proves false. If so, price could recover back inside the shallow rising channel and extend, with circa 0.8460 as a possible upside target thereafter.  

• Free forex signals for Tuesday 31/03/2026
• Gold sticks to modest gains above $4,550 as traders assess prospects of Iran ceasefire
• EUR/USD slips to two-week lows below 1.1500 as USD strengthens
• Gold climbs back closer to Friday’s swing high; eyes $4,550 amid a softer USD
• EUR/USD remains depressed near 1.1500 as risk aversion persists