EUR/GBP Intraday Long: Targeting a Break from Sideways Consolidation

Market Structure & Technical Edge

Good morning, KoraFX community. Let's dive into EUR/GBP. Currently, the pair is trading around 0.85869, showing a modest 24-hour change of 0.00069 (0.08%). The day range has been relatively tight, fluctuating between 0.85765 and 0.85973. From a higher timeframe perspective, we're certainly in a sideways trend, which means we need to be precise with our entries and exits. However, on the intraday chart, I'm observing a potential shift. We've seen a retest of the immediate support zone around 0