FxWirePro: EUR/GBP slips below 20-DMA, good to sell on rallies

• EUR/GBP has been trading a narrow range ahead of UK retail sales data.
   
• On Wednesday's trade upside was rejected above 0.8400 handle, the pair has closed below 20-DMA at 0.8351.
   
• Techs on dailies are bearish, RSI, Stochs and MACD are biased lower. 
   
• Ahead of the ECB, traders await the release of UK monthly retail sales data could provide additional respite to the British Pound. 
   
• Currently, downside supported above 0.83 handle, sustained break below will drag the cross to support near 0.8250 levels.
   
• Bearish invalidation only on break above 0.8430.
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Recommendation: Good to short rallies around 0.8340, SL: 0.8430, TP: 0.83/ 0.8250/ 0.82