FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed 
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level 
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside 
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: EUR/CAD extends fall, vulnerable to more downside 
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas 
FxWirePro: USD/CNY hits 15-month low , scope for further downside 
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path 
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106 
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
EUR/GBP chart - Trading View
EUR/GBP was trading 0.49% lower on the day at 0.8809 at around 10:10 GMT, bias bearish.
The British pound was buoyed after upbeat UK Final Manufacturing PMI, weighing on the pair.
Data released by IHS Markit on Monday confirmed UK Final Manufacturing PMI at 54.1 in January, beating estimates at 52.9 and compared to 52.9 in the first readout.
Technical bias for the pair has turned bearish after breach of Falling Wedge pattern, scope for further downside.
Momentum indicators support downside. Analysis of GMMA indicator shows major and minor trend are strongly bearish.
Price action is showing a break below 200W MA at 0.8833. The pair is on track to test 61.8% Fib retracement at 0.8743.
200W MA is now immediate resistance at 0.8833. Failure to close below will negate any further bearish bias.
