- 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.
Recommendation: Good to short rallies around 0.8340, SL: 0.8430, TP: 0.83/ 0.8250/ 0.82
