FxWirePro- Woodies Pivot (Major) 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
FxWirePro: EUR/AUD downside pressure builds, key support level in focus 
FxWirePro: USD/CNY gains some ground as China's yuan eases amid softer guidance rate 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
FxWirePro: GBP/AUD firms slightly, but downward resumption looks likely 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
FxWirePro: USD/ZAR retreats as markets await U.S.-Iran talks and South Africa data 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
FxWirePro: EUR/AUD recovers some ground, but outlook remains bearish 
Hawkish Fed Fuels Gold Sell-off: Gold Dives Below $4300 Amidst Rate Hike Fears 
FxWirePro- Woodies Pivot (Major) 
EURUSD Weakens as Dollar Strength Dominates; Technicals Suggest Sell-on-Rally Opportunity 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Add as a preferred source on Google
EUR/GBP chart - Trading View
EUR/GBP is extending range trade for the 3rd consecutive session. Bias remains neutral.
The pair was largely muted at 0.8821 at around 07:15 GMT, with session highs at 0.8832 and lows at 0.8803.
Price action consolidates above 200-DMA, raising scope for further recovery. But currently the pair is struggling for direction.
Updates on PM Johnson's condition are eyed amid fears of a partial power vacuum after reports mentioned PM has been in the intensive care.
Technical indicators for the pair do not show a clear directional bias. Major and minor trend in the pair are neutral.
Price action has bounced off 200-DMA support and is holding above 5-DMA. Price action eyes 200H MA at 0.8886, break above confirms near-term bullishness.
Retrace below 200-DMA will see resumption of weakness. Immediate support below 200-DMA lies at 0.8703 (nearly converged 110-EMA and 50-DMA).
Break above 200H MA (0.8886) raises scope for test of 23.6% Fib at 0.8918 and then 38.2% Fib at 0.9029.
