Chart - Courtesy Trading View
Technical Analysis: Bias Bearish
- EUR/GBP was trading 0.14% lower on the day at 0.8278 at around 05:15 GMT
- The pair grinds lower in sloping channel pattern and outlook is strongly bearish
- Price action is on a downtrend for the 4th consecutive session
- Momentum is strongly bearish, Stochs and RSI are sharply lower
- GMMA indicator shows major and minor trend are strongly bearish
- Price action is below major moving averages which are trending lower
Support levels - 0.8255 (Channel base), 0.82, 0.8197 (200-month MA)
Resistance levels - 0.8332 (5-DMA), 0.8343 (200H MA), 0.8366 (20-DMA)
Summary: EUR/GBP trades with a strong bearish bias. Next bear target lies at 0.8255 (Channel base).


FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major Crypto levels and bias summary
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Woodies Pivot(Major)
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro- Major European Indices
FxWirePro:EUR/AUD eases but bullish outlook persists 



