FxWirePro: AUD/USD extends bounce off 110-EMA support, selling pressure surrounding the greenback supports
FxWirePro: AUD/CAD struggles to extend previous session's gains, retrace below 5-DMA to see more weakness
FxWirePro: EUR/GBP extends weakness after bearish gap open, finds minor support at 55-EMA
EUR/GBP chart - Trading View
EUR/GBP was trading 0.70% lower on the day at 0.9056 at around 09:25 GMT after closing 0.29% lower in the previous session.
The pair is extending a bearish gap open and near-term outlook remains bearish.
Technical studies are turning bearish. MACD is showing a bearish crossover on signal line and price action has broken below 21-EMA.
The pair has found minor support at 55-EMA at 0.9054. Break below will see weakness till 110-EMA at 0.8988.
Momentum studies are bearish. Major trend has gone flat and break below 200-DMA will negate any bullish bias.
Major support levels are seen at 0.9054 (55-EMA), 0.8988 (110-EMA), 0.8895 (Trendline) and 0.8835 (200-DMA).
21-EMA is immediate resistance at 0.9104. Close above 5-DMA could see further gains.