European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
EUR/GBP chart on Trading View used for analysis
- EUR/GBP is holding support at 20-DMA, break below will see further downside.
- 5-DMA has turned lower and price action has slipped below 21-EMA.
- Stochs and RSI are biased lower and Stochs have shown a rollover from overbought levels.
- Upside remains capped at 110-EMA and we see bullish reversal only on break above 100-DMA.
- Break below 20-DMA finds next major support at 61.8% Fib at 0.8803 ahead of 0.8723 (Oct 10 low)
Support levels - 0.8815 (20-DMA), 0.8803 (61.8% Fib), 0.8723 (Oct 10 low)
Resistance levels - 0.8885 (100-DMA), 0.89, 0.8915 (38.2% Fib)
Recommendation: Watch out for break below 20-DMA for further weakness.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
