FxWirePro: GBP/AUD heads deeper into bear territory, bears plotting path toward 1.9100 
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FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
Refer EUR/GBP chart on Trading View
- EUR/GBP is trading 0.10% lower on the day at 0.8957 at the time of writing.
- Price action is above daily cloud and major moving averages, bias still higher.
- We evidence a "Golden Cross" formation on the daily charts which keeps scope for upside.
- The pair is holding above 5-DMA support at 0.8945, break below could see minor weakness.
- Break below 5-DMA could see weakness till 21-EMA which is major support at 0.8926. Violation at 21-EMA could see major weakness.
- We see scope for test of 0.9030 (Aug 9th high) ahead of Wedge top at 0.9040.
Support levels - 0.8944 (5-DMA), 0.8926 (21-EMA)
Resistance levels - 0.9030 (Aug 9th high), 0.9040 (Wedge top)
FxWirePro Currency Strength Index: FxWirePro's Hourly EUR spot Index was at -32.9275 (Neutral), while Hourly GBP Spot Index was at 27.0931 (Neutral) at 0745 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
