EURGBP trades weak on board-based Euro selling. As long as resistance 0.86750 holds, intraday bias is bearish. Currently trading at 0.86307, it reached an intraday low of 0.86294.
Technical Analysis
The pair is currently trading below the 55-EMA and the 200- and 365-EMAs on the 4-hour chart.
Bearish Trend Confirmation: Any break below 0.86280 confirms an intraday bearish trend. A drop to 0.8600/0.8540 is likely.
Near-Term Resistance: The near-term resistance is around 0.8675. Any violation above will take the pair to 0.8700/0.8750/ 0.8780/0.8825/0.8865/0.8900/0.8950.
Indicator Analysis (1-hour chart)
CCI (50): Bearish
Average Directional Movement Index: Bearish
Trading Recommendation
It is good to sell on rallies around 0.8648-50 with SL around 0.8700 for a TP of 0.8500.


FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
JPY Major Currency Score: NZDJPY and AUDJPY Lead with Extremely Bullish Momentum
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
FxWirePro:EUR/NZD bears maintain upper hand
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech
FxWirePro- Woodies Pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
Bitcoin Eyes $90K as $3B ETF Inflow Streak Overpowers Hawkish Fed
ETH/USD Trade Setup: Buy Dips Near $2,300 with Eyes on a $3,000 Breakout Target
EUR/USD Consolidation Setup: Buy Dips at 1.1650 for a Move to 1.1760
FxWirePro: AUD/USD hits three-month peak,scope for futher upside
FxWirePro: USD/CNY hovers around 3-1/2 years low, Outlook bearish 



