EURGBP gained slightly on policy divergence between the BOE and ECB. As long as support 0.8740 holds, intraday bias is positive. Currently trading at 0.87957, it reached an intraday high of 0.88018.
Technical Analysis
The pair is currently trading above 55 and 200- EMA and 365-EMA on the 4-hour chart.
Bearish Trend Confirmation: Any break below 0.8780 confirms an intraday bearish trend. A drop to 0.8740/0.8700/0.8660/0.8630/0.8600 is likely.
Near-Term Resistance: The near-term resistance is around 0.8825. Any violation above will take the pair to 0.8865/0.8900/0.8950.
Indicator Analysis (4-hour chart)
CCI (50): Bullish
Average Directional Movement Index: Bullish
Trading Recommendation
It is good to buy on dips around 0.8780 with SL around 0.8740 for a TP of 0.8900/0.8965.


FxWirePro: GBP/AUD edges lower, downside risk remains
FxWirePro: GBP/AUD idles around 1.9230 as market awaits fresh catalysts
AUDJPY Stalls in Neutral Ground: Bearish Shadows Loom Over the 111.00 Mark
Ethereum’s $2,200 Ceiling: Can Diplomatic Breakthroughs Dissolve the Bearish Resistance?
FxWirePro: USD/CAD remains buoyant, looks to extend gains
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
FxWirePro: AUD/USD edges higher but bearish outlook persists
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
FxWirePro: GBP/NZD continues to recovers , upside pressure builds
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
Sterling’s Steady Ascent: GBPJPY Tests the 213.31 Resistance Amid a Two-Week Consolidation
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro:NZD/USD edges lower, bearish outlook persists
FxWirePro: USD/JPY edges up, looks to extend gains 



