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fxJun 18, 2026, 10:40 AM

EUR/GBP Breaks Out of Bullish Flag, Targets 0.8683 and Beyond

EUR/GBP has broken out of a bullish flag pattern, with traders eyeing a potential move higher against the Pound. Key levels include an initial target of 0.8683 and an extension zone near 0.8720.

EURGBP

According to a recent market update from FXStreet, EUR/GBP has broken out of a bullish flag formation, suggesting the euro could strengthen further against the pound sterling. This technical breakout is seen as a signal for bullish momentum.

Analysts have identified key levels to watch: the first upside target is 0.8683, with an extension zone around 0.8720. On the downside, the 0.8629 level serves as a critical support. The move comes amid broader World Cup-related market dynamics, though the primary driver cited is the chart pattern.

Source: FXStreet Forex News