- EUR/GBP has broken below the 0.85 handle, intraday bias lower.
- Daily charts show a bearish 7-DMA crossover on 21-DMA.
- Techs indicate further downside, Stochs and RSI point south.
- 0.8460 is major trendline support. Violation there could see 0.8445 (50-DMA).
- Break below 50-DMA could see drag till 0.8350 levels.
- Major support levels - 0.8460 (trendline), 0.8445 (50-DMA), 0.8417 (Aug 1 low).
- Major resistance levels - 0.8525 (7-DMA), 0.8560 (21-DMA), 0.86 (trendline).
Recommendation: Good to sell rallies around 0.85 levels, SL: 0.8560, TP: 0.8460/ 0.8445/ 0.8420


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