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fxJun 18, 2026, 10:40 AM

EUR/GBP Breaks Out of Bullish Flag; Traders Eye 0.8683 First Target

EUR/GBP has broken out of a bullish flag pattern, signaling a potential move higher against the Pound. Key levels to watch include first target 0.8683 and extension zone 0.8720, with support at 0.8629 and invalidation at 0.8618.

EURGBP

EUR/GBP has broken out of a bullish flag pattern, with traders interpreting the move as a signal of further Euro strength against the Pound. The breakout resembles a knockout match where key levels will determine the outcome.

Key levels to watch:

  • First target: 0.8683
  • Extension zone: 0.8720
  • Support: 0.8629
  • Invalidation: 0.8618

The Euro is currently ahead, but the next move depends on whether this breakout holds. A full technical breakdown is available on Instagram.

Source: FXStreet Forex News