EUR/GBP chart - Trading View
EUR/GBP was trading 0.08% lower on the day at 0.8529 at around 06:30 GMT, further downside on cards.
The pair has been slipping lower for the 4th straight session after recovery attempts were rejected at 200-DMA.
Price action has shown a breach below daily cloud opening downside. Momentum studies are bearish.
Adding to the Brexit woes, UK Brexit Minister David Frost again warned EU over NI protocol, regarding the harsh rules for goods travel between the UK and the NI border.
Traders will pay close attention to the final reading of Eurozone September month’s Markit PMIs for short-term direction.
Technical bias remains strongly bearish. Little support seen till 0.8465 (trendline). On the flipside, retrace above daily cloud negates any further weakness.


FxWirePro- Major European Indices
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD dips lower on negative UK retail sales data
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: USD/CNY downside pressure builds, key support level In focus
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 



